San Diego – CBRE announced that San Diego-based wealth management firm Westpac Wealth Partners has purchased an office property in Sorrento Mesa, San Diego for $6.88 million.
CBRE’s Matt Pourcho, Anthony DeLorenzo, Bryan Johnson, Dick Balestri and Ryan Egli represented the seller, a joint venture between Harbor Associates and RMA, in the transaction. The buyer was represented by Marko Dragovic at Lee and Associates.
Located at 5280 Carroll Canyon, the 32,830 square-foot property was originally built in 1980. The three-story building sits on a 1.9-acre lot and features 121 parking spaces. The site is located within three miles of the interchange between I-5 and I-805, connecting Sorrento Valley to the rest of San Diego County.
“This is a very well-located asset in a growing submarket,” said Pourcho.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas is the world’s largest commercial real estate services and investment firm (based on 2019 revenue). The company has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
