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California  + San Diego  + Industrial  | 

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.”

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., 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, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition
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