April 19, 2019
Newport Beach, CA-based MIG Real Estate divested Cornerstone Office Center in San Diego’s Sorrento Mesa submarket to an undisclosed private investor for $9.5 million. The 100%-leased asset is a three-story, 43,210 square-foot Class B office building, anchored by technology companies including Motive Interactive, Rohm Semiconductor and Microchip Technologies.
The property at 6020 Cornerstone Court West is adjacent to the major east-west thoroughfare Mira Mesa Boulevard, and is located a mile from I-805.
Voit Real Estate Services’ Todd Holley represented the buyer. CBRE’s Louay Alsadek and Hunter Rowe advised the seller.
Holley says, “This high-end submarket is home to many high-tech companies, including Qualcomm, and has been attracting emerging Biotech’s as well.” He notes the asset provides the new owner with stable income and the opportunity to capitalize on a desirable market.
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