CBRE Arranges $5M Sale of Sorrento Mesa Office Building

CBRE has arranged the sale of 5752 Oberlin, a 17,000-square-foot office property in the Sorrento Mesa submarket of San Diego. A local private investor purchased the building for just over $5 million, or $305 per square foot.

“We witnessed a tremendous amount of activity from a variety of buyers for this property,” said CBRE’s Matt Pourcho, who represented the private investor seller, along with Anthony DeLorenzo, Matt Harris and Scott Kincaid. “After 19 tours and nine offers, we ultimately selected a high net-worth investor who intended to occupy a portion of the building,” added Pourcho. CBRE’s Ted Jacobs, Hunter Rowe and Matt Carlson represented the buyer.

The office building, built in 1982, features wood-framed walls, glass doors and windows along with a mansard-style roof and a reinforced concrete foundation. The property is also situated in the middle of San Diego’s fastest-growing hub for tech and life sciences companies.