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Friday, Jan 27, 2023
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Sorrento Mesa Ground Leases Sold for $41.5M

Ground leases to three Sorrento Mesa land parcels have been sold for $41.5 million.

The property was sold by Stockbridge Capital Group, a real estate investment firm based in San Francisco.

The buyer was not disclosed.

The seller was represented by Louay Alsadek, Hunter Rowe, and Madison Mawby of CBRE.

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The buyer was represented by Bob Safai of Madison Partners.

The first parcel is under three flex office building totaling 76,000 square-feet at 5744, 5754 and 5764 Pacific Center Boulevard.

The second parcel is under two data center buildings totaling 115,000 square-feet at 5732 and 5738 Pacific Center Boulevard.

The third parcel is a nearly one-acre piece of open space that is adjacent to the other two properties.

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