Updated Oct 28, 2024
Newport National Corp. Sells Office Property In San Diego For $68.4M
10641 Scripps Summit Court, San Diego, CA, USA
$68,400,000
$466/SF
Building Size
146,626 SF
Asset Type
Office
Closing
Jun 9, 2020
About this deal
AI
The office property located at 10641 Scripps Summit Court in San Diego has been sold. The property, spanning 146,626 square feet, was sold by Newport National Corp. The transaction was facilitated by brokers Rick Reeder and Brad Tecca from Cushman & Wakefield. The sale of the property closed on 06/09/2021 for a total price of $68,400,000, equating to a price per square foot of $466.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $68,400,000
- Square Footage: 146,626
- Price per Square Foot: $466
- Address: 10641 Scripps Summit Court, San Diego
- Market: San Diego
Rick Reeder and Brad Tecca, representing Cushman & Wakefield, played a pivotal role in the sale of this office property.
Players
San Diego Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Visit Rick Reeder to view all their deals.
Browse California office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.23%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93