{"id":1004323535,"date":"2019-05-14T11:28:00","date_gmt":"2019-05-14T19:28:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004323535"},"modified":"2019-05-14T11:28:00","modified_gmt":"2019-05-14T19:28:00","slug":"fenway-capital-advisors-sells-san-diego-office-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/fenway-capital-advisors-sells-san-diego-office-asset\/","title":{"rendered":"Fenway Capital Advisors Sells San Diego Office Asset"},"content":{"rendered":"<div id=\"attachment_1004323541\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/Oberlin-Court.-Image-courtesy-of-Yardi-Matrix-e1557842503247.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004323541\" data-attachment-id=\"1004323541\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/fenway-capital-advisors-sells-san-diego-office-asset\/oberlin-court-image-courtesy-of-yardi-matrix\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/Oberlin-Court.-Image-courtesy-of-Yardi-Matrix-e1557842503247.jpg\" data-orig-size=\"640,480\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Oberlin Court. Image courtesy of Yardi Matrix\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Oberlin Court. Image courtesy of Yardi Matrix&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/Oberlin-Court.-Image-courtesy-of-Yardi-Matrix-e1557842503247.jpg?w=640\" class=\"wp-image-1004323541 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/Oberlin-Court.-Image-courtesy-of-Yardi-Matrix-e1557842503247.jpg\" alt=\"Oberlin Court. Image courtesy of Yardi Matrix\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/Oberlin-Court.-Image-courtesy-of-Yardi-Matrix-e1557842503247.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/Oberlin-Court.-Image-courtesy-of-Yardi-Matrix-e1557842503247.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004323541\" class=\"wp-caption-text\">Oberlin Court. <em>Image courtesy of Yardi Matrix<\/em><\/p><\/div>\n<p>Commercial real estate firm Intersection has purchased Oberlin Court, a 31,000-square-foot office property located in San Diego\u2019s Sorrento Valley submarket. Seller Fenway Capital Advisors, who recently teamed up with Waterfall Asset Management to <a href=\"https:\/\/www.commercialsearch.com\/news\/san-diego-business-park-trades-for-28m\/\">acquire Points Business Park for $28.2 million<\/a>, received $7.6 million in the transaction.<\/p>\n<p>According to Yardi Matrix data, the Class B, two-building property had a 6.8 percent vacancy rate at the time of the sale. Fenway Capital Advisors purchased the asset in 1999 for $2.8 million. Completed in two phases between 1982 and 1983, the two-story buildings underwent renovations in 1999.<\/p>\n<p>Located at 5665 Oberlin Drive, Oberlin Court has major street exposure via Mira Mesa Boulevard and is close to interstates 805 and 5. Nearby shopping, retail and entertainment venues include Westfield UTC Shopping Center, which is within 3 miles of the property. Oberlin Court is within 6 miles of University of California San Diego. Amenities include controlled access and 78 parking spaces.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The two-building Oberlin Court is located in Sorrento Valley. The new owner, Intersection, paid $7.6 million for the 93 percent leased property. <\/p>\n","protected":false},"author":1274,"featured_media":1004323541,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,21742,21747,1608,15],"tags":[43337],"class_list":["post-1004323535","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-latest","category-office","category-san-diego","category-west","tag-fenway-capital-advisors"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Fenway Capital Advisors Sells San Diego Office Asset - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/fenway-capital-advisors-sells-san-diego-office-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fenway Capital Advisors Sells San Diego Office Asset\" \/>\n<meta property=\"og:description\" content=\"The two-building Oberlin Court is located in Sorrento Valley. 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