Barron Team & CAPR0 Network Financials Acquires Scripps Ranch Office Building For $26.42M

A Scripps Ranch office building located at 10085 Carroll Canyon Road in San Diego has been sold for $26,420,000. This 1.22-acre property comprises a total of 22,532 square feet and is classified as an office asset.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $26,420,000
• Address: 10085 Carroll Canyon Road
• Market: San Diego
• ACRES: 1.22

The buyers in this transaction were Barron Team and CAPR0 Network Financials, while the sellers were Rosner Law and Mansfield. The buyer's representatives were Brent Bohlken and Spencer Dok from Lee & Associates, while the seller's representatives were Matt Pourcho, Anthony DeLorenzo, Nick Williams, and Matt Harris from CBRE’s Investment Properties.

The property was purchased at a price of $26,420,000, with a price per square foot (PPSF) of $285. The building has a total area of 22,532 square feet.

It is worth noting that at the time of the sale, the office building was 50% leased. The buyers have plans to utilize the fully leased second floor and the bottom floor of the property.