SORRENTO COMMERCE PARK

PROJECT SUMMARY
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DATE ACQUIRED

Jan. 2019

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LOCATION

Sorrento Mesa, CA

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SIZE

35,294 SF

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TENANTS

8

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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
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