Voit Real Estate Services handled four transactions in San Diego’ thriving life science submarket of Sorrento Mesa. The deals, brokered by Voit’s Chris Duncan, closed for a combined total of $17 million.
The four recent transactions include:
– the $3.55-million sale of two office/flex properties at 5820 Oberlin Dr. unit 104 and 5820 Oberlin Dr. unit 106-108 in Sorrento Mesa, including four units totaling 12,569 square feet. Duncan represented the seller Eton Bioscience, a biotech company, in the sale;
– the disposition of Unit 104 to AxisPharm, a biotech company, and the sale of Unit 106-108 to American Testing Labs, a life science company. The buyers were represented by Voit’s Todd Holley.
– Voit’s Duncan also directed the $5.3-million purchase of a two-story free-standing office/flex/R&D building at 10179 Huennekens St. in Sorrento Mesa (pictured) totaling 21,278 square feet. Duncan represented the buyer, Eton Bioscience, as part of a 1031 exchange. Cushman & Wakefield’s Brant Aberg and Ryan Downing at represented the seller Pangea Properties, LLC.
– Voit’s Duncan also facilitated the $8.5-million acquisition of a 37,991 square-foot office building at 6405 Mira Mesa Blvd. in Sorrento Mesa, on behalf of the buyer, BPS Bioscience, which plans to convert the two-story multi-tenant office space into a lab space. CBRE’s Matt Pourcho and Scott Kincaid represented the seller Courtyard II Holdings, LLC.
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