Verimatrix occupies the 51,690-square-foot office building at 6059 Cornerstone Court West in San Diego. SAN DIEGO — Newport Beach, Calif.-based Buchanan Street Partners has completed the disposition of an office building located at 6059 Cornerstone Court West in San Diego.
Buchanan Street Partners has acquired The Vibe, a 276-unit multifamily community in Fort Collins, CO. The property, built in 2018, was sold by Milestone Development Group in a $74 mil ($268k/unit) transaction.
A Los Angeles-based private buyer bought an office building in Sorrento Mesa for $20.6 million, or $398 per square foot. The 51,690 square-foot property, located at 6059 Cornerstone Court West, has been fully leased since 2013 to Verimatrix.
Historically equity has been the component of a real estate borrower’s capital stack that has been the most challenging to procure. This capitalization reality often dictated more leverage as equity was expensive and diluted the real estate entrepreneurs take home profit.
Buchanan Street Partners, a Newport Beach, California-based real estate investment management firm has acquired a 276-unit multifamily community in Fort Collins, Colorado from Milestone Development Group. The property was built in 2018.
Newport Beach-based Buchanan Street Partners divested a 51,690-square-foot office building in San Diego’s Sorrento Mesa submarket for $20.6 million, or $398-per-square-foot. Located within Cornerstone Heights Corporate Center, the building at 6059 Cornerstone Court West is 100% leased to San Diego-based Verimatrix.
A Los Angeles-based private buyer paid $20.6 mil for a 51.7k sf ($398/sf) office building in San Diego’s Sorrento Mesa area. The property was sold by real estate investment management firm Buchanan Street Partners.
Buchanan Street Partners based in Newport Beach sold the 51,690 square-foot building at 6059 Cornerstone Court West to a private investor who was not identified.
Buchanan Street Partners, a Newport Beach, California-based real estate investment management firm, has completed the disposition of a 51,690-square-foot office building at 6059 Cornerstone Court West in San Diego, California for $20.6 million, or $398 per square foot.
Buchanan Street Partners is proud to share that Buchanan Children’s Charities provided $5,000 to the Boys & Girls Clubs of Huntington Valley. This organization was selected as they were the only Boys & Girls Club in Orange County to keep their doors open from the onset of the COVID-19 pandemic.
