Private investor Save-Most Alicia Hills LTD acquired the 49,972-sf office building at 6480 Weathers Place for $8.3 million.
Alan Pekarcik of Voit Commercial Brokerage's Irvine office represented Save-Most in the acquisition. Phil Munroe and Adam Edwards of Burnham Real Estate Services represented The Shidler Group, a national real estateinvestment firm based in Hawaii.
The three-story multi-tenant building has a high-profile exterior, according to those familiar with the transaction. Despite the troubles of some of the area's largest high-tech companies, the Sorrento Mesa area has remained a strong office submarket in San Diego.
"This purchase will be held as a long-term investment for Save-Most," Pekarcik says. "The premier office building is centrally located in Sorrento Mesa, one of San Diego's sought-after business locations."
The building has two credit tenants, McBride Electric and Webster University, which occupy approximately 40% of the building.
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