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Owner-Occupier Acquires Rancho Bernardo Offices
CBRE EVP Matt Pourcho facilitated the $8.8-million acquisition of Bernardo Regency Centre, a 48,027-square-foot office building in San Diego. Pourcho represented the buyer, Providence Real Estate Group. The seller, Beverly Hills-based Omninet Capital, was self-representing.
“This was a unique opportunity for Providence Real Estate Group to purchase a well-leased building to occupy while generating strong cash flow from existing tenants,” said Pourcho. “Office buildings offer valuable tax benefits through cost segregation and depreciation, more so than other product types.”
Bernardo Regency Centre is a three-story building within the Rancho Bernardo Business Park at 11545 W. Bernardo Ct. It is near the 4S Ranch master-planned community, various retail amenities and the offices of several Fortune 500 companies, including Apple and Petco.
- ◦Sale/Acquisition

