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Crown Claims Sorrento Mesa Campus from Bixby
The Oberlin, a three-building, 62,424-square-foot creative office campus in San Diego, has been sold for $20.4 million. Irvine CA-based Crown Realty & Development acquired the property from Newport Beach, CA-based Bixby Land Company.
The campus is located in the Sorrento Mesa submarket at 5889, 5893 and 5987 Oberlin Dr. The property underwent a $6.9 million renovation in 2016, and features maximum tenant flexibility and integration between indoor and outdoor spaces with fully furnished patios.
JLL’s Bob Prendergast, Lynn LaChapelle, Sach Kirpalani and John Morrison represented the seller. The buyer, and its affiliate CPF Oberlin Associates, LLC, was self-represented.
Prendergast says, “The Oberlin provided Crown Realty & Development with the opportunity to acquire a modernized and fully repositioned property in a premier location with strong upside potential and an opportunity for stabilization.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


