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Hill Properties Snags Sorrento Valley Campus
San Diego-based Hill Properties acquired Environmental Plaza, an industrial campus in Sorrento Valley for $15.3 million. The seller was an unnamed private family.
Located at 4174-4206 Sorrento Valley Blvd., the seven-building, 91,669-square-foot industrial campus offers suites ranging from 1,000 to 4,200 square feet. The property was 87% leased at the time of sale to 37 tenants. The site is one-half mile from the I-5 and I-805 interchange, connecting Sorrento Valley to the rest of San Diego County.
CBRE’s Matt Pourcho, Anthony DeLorenzo, Gary Stache, Bryan Johnson and Bill Dolan represented the seller. The buyer was self-represented.
Pourcho says, “It is extremely rare to be able to acquire such a stable, well-located asset in the increasingly tight industrial submarket of Central San Diego with in-place rents substantially below market. We received a total of 21 offers and conducted 36 tours reflecting a record amount of interest in this property. We saw 1031 buyers, REITS and institutions at the table.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


