SORRENTO COMMERCE PARK

PROJECT SUMMARY

DATE ACQUIRED

Jan. 2019

LOCATION

Sorrento Mesa, CA

SIZE

35,294 SF

TENANTS

8

YEAR BUILT

1988

OPPORTUNITY

Sorrento Commerce Park is multi-tenant industrial project developed in 1988 consisting of 2-buildings totaling 35,294 SF in Sorrento Mesa. The property is currently 88% leased to 8-tenants with an average unit size of 3,451 SF. The property is fully sprinklered with 24’ clear height in the warehouse and 12 grade level roll up doors for loading access to each individual unit. With a floor area ratio (FAR) of 37%, the property offers an excellent parking ratio of 3.6/1,000 sf. The property is located in the highly sought-after Sorrento Valley industrial submarket, which is the best performing market in Central County. The property has outstanding frontage on Mira Mesa Blvd., the prime arterial road connecting the I-805 to the I-15 freeways.

PROJECT PHOTOS
MARKET
SORRENTO MESA MARKET HIGHLIGHTS

Sorrento Mesa is a thriving business community located centrally located in the San Diego region north of downtown. It is known as San Diego’s hottest tech submarket and is home to the region’s largest concentration of technology companies. Tenants focused on space in the Sorrento Mesa submarket are seeking space with convenient proximity to freeways, residential communities, research and educational institutions, and proximity to business centers. Sorrento Mesa is positioned just east of the I-5/I-805 interchange and southeast of the Sorrento Valley Amtrak rail station.

Sorrento Mesa is a convenient commute for executives and employees living in nearby residential communities including La Jolla, Del Mar, Mira Mesa, University City, Carmel Valley, and Scripps Ranch.

SORRENTO MESA INDUSTRIAL MARKET

Encompassing over 11.6 million square feet of industrial space over 311 buildings, Sorrento Mesa is the fourth largest industrial submarket in the Central San Diego County market. Sorrento Mesa is virtually wedded to Qualcomm. The tech giant occupies more than four million square feet of space. Other notable firms include Google, Gen-Probe, NuVasive, and Texas Instruments. Waples Industrial Centre is located just off Sorrento Mesa’s major east-west artery, Mira Mesa Blvd. Close proximity to I-805 places Waples at a premium location versus most of the submarket.

SITE PLAN
BKM CAPITAL PARTNERS

 

Headquartered in Newport Beach, California, BKM Capital Partners is a fund manager specializing in the acquisition and improvement of value-add multi-tenant industrial properties in metro areas across the Western U.S. Combining a deep knowledge of this niche industrial product type with in-house capabilities including on-site property management, asset management, and structured financing, the firm continues to build on its proven track record, generating strong results with high levels of transparency and engagement for investors. 

Learn more about BKM Capital Partners »

BKM MANAGEMENT COMPANY

 

BKM Management Company manages a portfolio of 8.2 million square feet of multi-tenant industrial properties for BKM Capital Partner’s private and institutional investors. With a focus on “boots on the ground” execution at the property level, BKM has in-house capabilities for both property management and leasing. The teams at the property level are focused on ensuring the tenants thrive and that the properties managed in the most efficient way.

 

 

 

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CONTACT US

Phone: 949.566.8800

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