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Sorrento Tech I Sells for $6.1M

Investors Acquires 30,097-SF Barnes Canyon Flex Building
By Jeff Hitch
May 17, 2005 | 6:40 P.M.

BixbyKibbee LLC, based in Encinitas, and Leucadia Bridge Co. LLC, based in Sedona, AZ, purchased the 30,097-square-foot flex building at 10070 Barnes Canyon Road in San Diego. The group R&D Portfolio Holdings LLC c/o The Shidler Group sold the facility for $6.1 million, or approximately $203 per square foot. The cap rate at the time of sale was reported at 7.10%.

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