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Sorrento Mesa warehouse on Top Gun sold

The 121,496-square-foot warehouse building in Sorrento Mesa at 6650 Top Gun St., San Diego 92121, has been sold for $18.32 million, cash.

The buyer was GFP Alliance San Diego, LLC, c/o Alliance Commercial Partners LLC, 165 S. Union Blvd., Suite 510, Lakewood, Colo., 80228.

The seller of the property (assessor's parcel 311-450-18) was Zimbabwe Properties, LLC, a California limited liability company with Alby Amato manager, 5810 Meadows Del Mar, San Diego 92130.

Mickey Morera and James Duncan of Cushman & Wakefield Inc. represented the buyer and seller.

The building was constructed in 1993 on a 6.69-acre lot and sold for $150.79 per square-foot and a cap rate of 7.6 percent.

The building is occupied by Russell Sigler Inc. under a leashold with 3.5 years remaining.

The building includes 16 dock-high loading docks and one grade-level door. The building also has approximately 10,000 square feet of office space (12 percent).

The property was sold in November 2004 for $11 million ($90.54-square-foot), with financing of $6.5 million.

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