A Rancho Santa Fe professional center has been sold for $19.5 million.
Gildred Development Company bought the Rancho Santa Fe Professional Center
at 6002-6 El Tordo, 5951 La Sendita and 17008 Avenida De Acacias from Huntington Hotel Company.
Matt Pourcho, Anthony DeLorenzo, Gary Stache, and Bryan Johnson of CBRe represented Huntington Hotel Company.
Joe Bernstein and Joe Anderson of JLL represented Gildred Development Company.
The center has four office/medical buildings and one retail building.
The 18,663 square-foot property was built in phases from 1975 to 1990.
Two of the buildings have been fully leased since the project was built. The other two buildings have averaged 99 % occupancy.
“Rancho Santa Fe Professional Center provided a once-in-a-generation investment opportunity to acquire prime assets in prestigious Rancho Santa Fe,” Pourcho said. “This asset is the best among Rancho Santa Fe's limited inventory of commercial assets. The submarket has high barriers to entry and low vacancy.”