Newport National Corp. Sells Office Property In San Diego For $68.4M

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.