Acquisition of 120,000 SF R&D Flex Campus, San Diego

Deal value: $38,400,000

Acquisition of a 120,000 SF R&D/lab flex campus in Sorrento Mesa, San Diego, with 50% lab, 30% office, and 20% warehouse, targeting biotech and innovation tenants.

The core motivation is to capitalize on San Diego’s status as a leading biotech and innovation hub, with strong demand for specialized R&D and lab space. The Sorrento Mesa submarket is strategically positioned to attract biotech tenants seeking proximity to research institutions and talent. The investment is driven by the belief that, despite recent market volatility, long-term fundamentals for life sciences real estate remain robust, supported by ongoing VC inflows and the region’s innovation ecosystem.