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June 18, 2024
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Creative Office/Flex Building in San Diego’s Rancho Bernardo Area Goes for $27.4 Mil


Mosaic, a 64k sf, creative office/flex asset in Rancho Bernardo, has traded to a new owner in a $27.44 mil transaction. Built in 1985 and recently renovated, Mosaic was sold by SENTRE.

Mosaic is a best-in-class asset located at 15822 Bernardo Center Dr, in a prime location for the technology, defense and expanding life sciences sectors. The property sits on a 4.18-acre elevated corner lot that provides tenants with panoramic views and access to nearby retail, the region’s workforce, and executive housing.

Mosaic is 100% leased to well-established, credit tenants and anchored by Microchip Technology Incorporated, a publicly traded entity that manufactures microcontroller, mixed-signal, analog, and Flash-IP integrated circuits. Since the second quarter of 2019, the creative office market along the Interstate 15 Corridor has outperformed the greater San Diego market.

CBRE’s Matt Carlson, Hunter Rowe, Matt Pourcho, Anthony DeLorenzo and Camille Doan represented the seller in the transaction.

“After acquiring Mosaic in late 2019, SENTRE completed a strategic rebranding and lease-up of the asset. The successful execution is a testament to their thoughtful business plan and how the market values the Rancho Bernardo submarket,” said CBRE’s Rowe.

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