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Renovated Central San Diego Asset Gets New Owner
Sorrento Ridge, a 103,325-square-foot office building in San Diego’s Miramar submarket, has traded hands. The three-story asset located at 7220 Trade St. was acquired by Southern California-based Tappan Corporation. The seller and price were undisclosed.
The asset is situated on 4.38 acres in San Diego’s Central County, offering immediate access to Interstates 5 and 805.
Glendale Mortgage’s Larry Glenn represented the buyer. Cushman & Wakefield’s Rick Reeder and Brad Tecca, along with Brooks Campbell and Duncan Dodd, represented the seller in the transaction. The firm’s Bill Cavanagh and Mike Novkov also provided local market advisory.
Tecca says, “Acquiring the property in 2015, Sorrento Ridge had represented the seller’s first acquisition in San Diego. In 2017, they completed significant improvements to the property originally built in the mid 1980s, including renovations and upgrades to the interior common areas and exterior amenities including a new bocce ball court.”
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