A Rancho Bernardo industrial building has been sold for $50 million.
SENTRE, a real estate investment firm based in downtown San Diego, acquired the 141,518 square-foot Rancho Bernardo Vista building at 16915 Via Del Campo.
The seller was not disclosed.
Built in 2020, the building is fully leased through 2030, according to Douglas Arthur, president, and CEO of SENTRE.
“Rancho Bernardo Vista is newly developed to the highest institutional standards and is located in one of San Diego’s strongest submarkets with co-tenancy of many of the world’s largest technology and defense firms,” Arthur said.
The building has 32-foot clear heights, an ESFR fire protection system, deep truck court, 36 dock doors, four grade-level doors, and mezzanine space.
The seller was represented by the JLL Capital Markets Investment Sales Advisory team led by Bob Prendergast, Lynn LaChapelle, and Sach Kirpalani.
The JLL Capital Markets Debt Placement team, made up of Senior Managing Director Aldon Cole and Analyst Bradley Vansant represented SENTRE in the placement of $26 million fixed-rate, seven-year term financing.
Jay Alexander & Andy Irwin from JLL’s Industrial Leasing team represented the developer in its lease negotiations.