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CBRE Executes $27M Sale of Rancho Bernardo Creative Office
CBRE’s Matt Carlson, Hunter Rowe, Matt Pourcho, Anthony DeLorenzo and Camille Doan have represented the seller in the $27.44 million sale of Mosaic, a 64,000-square-foot creative/flex office asset in the Rancho Bernardo, CA. A private buyer purchased the property from SENTRE, in a prime location for the technology, defense and life sciences sectors.
“Despite the challenging market dynamics, the competitive bid process demonstrated that well-located, quality office assets still command significant interest from multiple capital sources,” said Carlson in a news release.
Built in 1985, the 100% leased property is located at 15822 Bernardo Center Drive on a 4-acre corner parcel. The building’s lot is elevated, providing tenants with panoramic views and access to nearby retail and housing.
“Mosaic represents the best of our “real estate reimagined” brand promise. A truly differentiated workplace built for the new world and delivered as fully leased to world class tenants,” said SENTRE’s Doug Arthur.
- ◦Sale/Acquisition
