Property listed for sale for first time since constructed in 1975
San Diego CA— CBRE announced that it has listed a mixed-use property, Rancho Santa Fe Professional Center, in Rancho Santa Fe, Calif. for $19.2 million. CBRE’s Matt Pourcho, Anthony DeLorenzo and Gary Stache are representing the owner.
Located at 6002-6 El Tordo, 5951 La Sendita and 17008 Avenida De Acacias, the four-building property is comprised of three office/medical office buildings and one retail building. The 18,664 square-foot property was built in phases from 1975 to 1990. Two of the buildings have been 100 percent leased since the project was originally constructed and the other two buildings have averaged 99 percent occupancy.
Rancho Santa Fe Professional Center sits at the corner of the most prominent entrance to Downtown Rancho Santa Fe and includes a parking lot, partially subterranean, providing the largest parking ratio in Downtown Rancho Santa Fe.
“This is a once-in-a-generation investment opportunity to acquire prime assets in prestigious Rancho Santa Fe,” said Mr. Pourcho. “This asset is the best among Rancho Santa Fe’s limited inventory of commercial assets. The submarket has high barriers to entry and low vacancy.”
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2020 revenue). The company has more than 100,000 employees serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.