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5/16/25
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Providence Real Estate Group recently acquired Bernardo Regency Centre, a 48k sf office building in San Diego, for $8.8 mil, or $183/sf. The property was sold by Beverly Hills-based Omninet Capital.
Bernardo Regency Centre is a three-story building located at 11545 West Bernardo Ct, within the Rancho Bernardo Business Park. It is near the 4S Ranch master-planned community, various retail amenities, and several Fortune 500 companies, including Apple and Petco.
CBRE’s Matt Pourcho represented the buyer in the deal. The seller repped themselves.
“This was a unique opportunity for Providence Real Estate Group to purchase a well-leased building to occupy while generating strong cash flow from existing tenants,” said Pourcho. “Office buildings offer valuable tax benefits through cost segregation and depreciation more so than other product types.”
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