Deal of the Week

October 28, 2014

November 4, 2014

November 7, 2014


Flex building on Top Gun in Sorrento Mesa sells

The Deal of the Week was listed by Dean Asaro, of Cassidy Turley.

The deal was the sale of the 33,186-square-foot flex industrial/distribution/warehouse building in Sorrento Mesa at 6749 Top Gun St., San Diego, for $5,627,000.

The buyer was Ingold Family Investments LLC, c/o Levering & Hvasta CPAs LLP of Fallbrook. Richard A. Collato and Robert F. Ingold Jr. are the general managers of the new ownership.

The acquisition was financed with a loan of $2,525,000 from Wells Fargo Bank.

The seller of the property was Novi Investments LLC, with Michael A. Stoff as the managing member and Jennifer Stoff as a member.

The building was constructed in 1997 on a 1.88-acre lot, and consists of 70 percent warehouse and 30 percent office. The property was sold in December 1999 for $3,085,000.

The entire building is under leasehold to a pair of tenants; Mast Bio Surgery Inc., with Srdjan Jovanovic the senior staff accountant, and LinkQuest Inc.

LinkQuest leased 22,000 square feet in early 2007 for four years at $859,680. Asaro and Andy Irwin, then at CB Richard Ellis, handled the transaction.


October 28, 2014

November 4, 2014

November 7, 2014