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December 3, 2023
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Kearny Mesa Office Building Fetches Over $400/sf


An 18.4k sf office building in San Diegos Kearny Mesa area was purchased by a private investor in a recent $7.5 mil ($412/sf) deal. The property is located at 5657 Copley Dr, east of I-805 and south of the 52 Fwy.

The two-story building is fully NNN-leased to MRC, a document management company. Built in 2007 to act as MRC's corporate headquarters, the building features a marble entryway, electric vehicle charging stations and 85 parking spots. The building's location is within three miles of restaurants, banks, grocery shopping centers, fitness centers and hotels.

Matt Pourcho, Matt Harris, Anthony DeLorenzo and Bryan Johnson of CBRE's Private Capital Partners represented the unnamed seller in the transaction. Todd Holley of VOIT repped the buyer, Aroga Real Estate LLC.

Kearney Mesa continues to be a destination for commercial activity. According to CBREs research in the third quarter of 2022, Central San Diego recorded 10.4% office vacancy, 274,926 sq. ft. of negative net absorption, and asking lease rates at $3.40.

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