Cassidy Turley BRE Commercial Facilitates $1.3 Million Sale at Venture Sorrento Office Park in Sorrento Valley

Published on March 24, 2011

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SAN DIEGO – Cassidy Turley BRE Commercial, San Diego’s market leader in commercial real estate services, today announced that it facilitated the sale of two office condominiums at Venture Sorrento Office Park in Sorrento Valley for $1.3 million.

Located at 11189 Sorrento Valley Road, units 104 and 105 in Venture Sorrento Office Park total 6,204 square feet and were sold to the Del Mar Union School District for use by its facilities department.

Venture Sorrento Office Park, formerly Venture Commerce Center, is located at 11189-11199 Sorrento Valley Road. The property offers small businesses the opportunity to own their office in the heart of San Diego’s financial, legal, medical, high-tech and life sciences submarkets, known as Del Mar Heights/Carmel Valley, Torrey Pines, Sorrento Mesa and UTC. Venture Sorrento Office Park is easily accessible from both Interstate 5 and Interstate 805 and is located across the street from the Sorrento station for the Coaster commuter train. 

There are 14 separate units at Venture Sorrento Office Park, ten of which have been purchased. Available units range in size from 1,767 to 6,051 square feet and can be finished as either Class A offices or modern life science labs. All of the units are on the ground floor, have individual entrances and building signage rights, and look out over the adjacent Los Penasquitos Canyon Preserve. For more information, visit www.VentureSorrento.com.

Venture Sorrento Office Park is owned by PV Venture Sorrento, LLC, a subsidiary of PacVentures, Inc., a commercial real estate investment and development company based in San Diego, CA that focuses on acquisition and development of properties in the Southwestern United States. The firm currently has projects in California, Arizona, Texas, Colorado, Utah, and Oklahoma. For more information, visit www.pacventures.net

Phillip Linton of Cassidy Turley BRE Commercial is the listing broker for the project. The buyer was represented by Chuck Wasker of Colliers International and Mark Kagan of Tenant Rep Real Estate. 

For more information about units for sale or lease at Venture Sorrento Office Park or additional properties for sale, contact Linton at 858.546.5472 or visit www.brecommercial.com.

About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider with 3,000 professionals in 60 offices nationwide. The company represents a wide range of clients—from small businesses to Fortune 500 companies, from local non-profits to major institutions. The firm completed transactions valued at $17 billion in 2010, manages 430 million square feet on behalf of private, institutional and corporate clients and supports over 25,000 domestic corporate services locations. Cassidy Turley serves owners, investors and occupiers with a full spectrum of integrated commercial real estate services—including capital markets, tenant representation, corporate services, project leasing, property management, project and development services, and research and consulting. In 2010, the firm enhanced its global service delivery outside of North America through its partnership with GVA. Please visit www.cassidyturley.com for more information about Cassidy Turley.

Cassidy Turley provides regional real estate services with local San Diego market leader Cassidy Turley BRE Commercial. The company’s dominant market presence includes more than 160 professionals and staff in five local offices and recorded nearly $1.2 billion in transactions in 2010. For more information about Cassidy Turley BRE Commercial, please visit www.brecommercial.com.

Lesley-Joann Kolb

858.625.5244

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