CBRE Arranges $26.5 Million Sale of the 5&52 Business Park in San Diego

CBRE arranged the $26.5 million sale of 5&52 Business Park, a 71,597-square-foot industrial property located at 5965 and 5975 Santa Fe Street in San Diego. San Diego-based Parallel Capital Partners and Boston-based Long Wharf Capital sold the property to Sukut Real Properties. CBRE’s Hunter Rowe, Matt Carlson, Mike Longo and Matt Pourcho represented the seller in the transaction.

“5&52 Business Park offered a compelling opportunity to acquire a fully leased and repositioned coastal industrial asset,” said Rowe, a senior vice president at CBRE. “The transaction reflects how San Diego’s defense industry is evolving. Investors are focused on assets where next-generation defense technology tenants are driving innovation and growth.”

Situated on 4.17 acres in San Diego’s Rose Canyon submarket, the property includes two freestanding buildings and features 22- to 24-foot clear heights, grade-level loading and heavy power capacity.

Originally constructed in the 1980s, the property was acquired completely vacant in 2025 and fully renovated with new roofs, skylights, LED lighting, HVAC, modern office buildouts, warehouse upgrades, exterior improvements and electrical and plumbing upgrades. The property was subsequently fully leased to Seasats and Applied Intuition within three months of project completion.

According to CBRE research, tenants signed 3.14 million square feet of leases during Q3 2026, the fourth-largest quarterly total in three years, bringing year-to-date leasing above 10 million square feet. Central San Diego led the market with 1.32 million square feet of leasing activity.