Office Building Sold for $3,875,000


Pacific Coast Commercial is pleased to announce the sale of 9666 Businesspark Avenue. The property was acquired by S& A Future Investments LLC and SRA Future Investments LLC for $3,875,000. Lesha Montoya of Pacific Coast Commercial represented the Buyer and Richard Lee of CFI represented the Seller, 9666 Businesspark Investors, LLC.

“Scripps Ranch has continued to remain strong with very few office buildings coming to the market even with historical vacancies due to COVID. Overall, this submarket of San Diego has continued to climb showing profits and 9666 Businesspark Ave made an excellent 1031 upleg choice for the investment buyers with zero vacancies and closing at a 6.7% CAP,” stated Lesha Montoya, Associate Vice President of Pacific Coast Commercial.



PROPERTY ADDRESS

Address: 9666 Businesspark Avenue, San Diego, CA 92131

APN: 363-072-41-00



REPRESENTATION

Seller Representation: CFI

Broker Rep:Richard Lee

Buyer Representation: Pacific Coast Commercial

Broker Rep: Lesha Montoya



SALE DETAILS

Property Type: Office, Class B

Square Footage: 17,967 SF

Sale Price: $3,875,000

Seller Name: 9666 Businesspark Investors, LLC

Buyer Name: S& A Future Investments LLC and SRA Future Investments LLC

Escrow Company: Chicago Title Company

Close of Escrow Date: 8.30.2021

Title Company: Chicago Title Company

Financing: First General Bank



Contact Lesha Montoya for More Details (619) 469-3600


Lesha Montoya

Associate Vice President

Lesha@PacificCoastCommercial.com

Lic. 02007808