The 21,260-square-foot, multi-tenant office building in Kearny Mesa at 9320 Chesapeake Drive, San Diego 92122, has been sold for $2.34 million.
The buyer was Fenway XIV LLC, c/o Fenway Asset Acquisitions LLC, 10525 Vista Sorrento Parkway, Suite 310, Attn: Brian Smith. Fenway Properties LLC is the manager of Fenway XIV, and Lawrence S. Jackel and Stephen A. Rosetta are the managers of Fenway Properties.
The acquisition was financed with a loan of $1,771,000 from Silvergate Bank.
The seller of the property (369-191-01) was Chesapeake Management L.P., with Chesapeake Development Co. as the general partner. Jon Shakespeare is president and owner of Chesapeake Development.
CBRE's (NYSE: CBG) Paul Lafrenz, Melissa Foster and John Hundley, along with Jill Morton of Capital Growth Properties, represented the seller and the buyer.
The two-story, multi-tenant office building was constructed in 1980 on a 1.1 acre lot.