California + San Diego + Industrial | April 10, 2023

Hammer Ventures Acquires San Diego Industrial Park for $14M

Cushman & Wakefield has advised the sale of Sorrento Commerce Park, a two-building, multi-tenant industrial complex in the San Diego submarket of Sorrento Mesa, CA. Hammer Ventures purchased the 100%-leased, 35,500-square-foot asset from BKM Capital Partners for $14 million.

The Cushman & Wakefield team of Bryce Aberg, Jeff Cole, Jeff Chiate, Rick Ellison, Mike Adey, Nico Napolitano, Zach Harman, Mark Avilla, Brant Aberg and Ryan Downing represented BKM in the transaction while the firm’s Jason Kimmel also represented the buyer.

“Central San Diego’s strong market fundamentals together with the project’s exceptional asset of quality, prime location and financial profile combined to create a terrific investment,” said Bryce Aberg. “The property’s location provides convenient access to residential communities and an extensive amenity base.”

Located on Waples Street, the recently upgraded Sorrento Commerce Park consists of a single and partial two-story building and includes 16’ to 24’ clear heights and grade-level loading.

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Inside The Story

Hammer VenturesBKM Capital PartnersCushman & Wakefield's Bryce Aberg

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.

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