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Sorrento Mesa Distribution Center Sold

Orange County-based Sukut Real Properties acquired Mira Mesa Distribution Center, a 293,800-square-foot distribution park in San Diego’s Sorrento Mesa submarket from The Sickels Group for an undisclosed amount. The multi-tenant asset sits on a ground lease, which has roughly 68 years remaining.

The property consists of three buildings, located at 5960 Pacific Mesa Ct., and 5985 and 5995 Pacific Center Blvd. Developed in 1989, the project features classic designs with flexible divisibility options, efficient warehouse and office layouts, dock and grade loading, ingress/egress and parking

Cushman & Wakefield’s Bryce Aberg, Jeff Chiate, Jeffrey Cole, and Ed Hernandez represented the seller in the transaction, along with colleagues Dean Asaro and Brant Aberg.

Bryce Aberg says, “The project itself is fully leased to a strong and highly diversified mix of 10 national and international tenants, together providing stable in-place income with attractive lease terms and a well-balanced tenant rollover profile.”

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Sale/Acquisition
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