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Pacifica Purchases Copley Corporate Ctr.

120,483-SF Office Building Purchased for $28.8 Million
By Jeff Oesterblad
June 6, 2003 | 1:31 P.M.

Santa Barbara-based Pacifica Real Estate Group LLC purchased the 120,483-square-foot office building known as Copley Corporate Center, located at 5855 Copley Drive in the Kearny Mesa area of San Diego. The buyer purchased the three-story project at a 7.9% cap rate for $28.8 million, in excess of $239 per square foot. The property was 100% leased to UCSD, Kaiser Permanente, and Household International at the time of the transaction.

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