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Cabrillo Credit Union Acquires Office Building In San Diego For $7.9M

Property Image
SOLD
$7,900,000
Nick Bonner
Phillip (Phil) Linton

California

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Office20,060 SF
Sold 06/08/2023
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Property Image
SOLD

Cabrillo Credit Union Acquires Office Building In San Diego For $7.9M

3710 Ruffin Rd San Diego, CA 92123, USA

See Similar Deals
Office20,060 SF
Sold 06/08/2023
Nick Bonner
Phillip (Phil) Linton
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$393
Total Square Footage:20,060 SF
Transaction Type:Sale

A San Diego-based Cabrillo Credit Union has acquired a 20,060-square-foot office building located at 3710 Ruffin Road in Kearny Mesa for $7.9 million. The property underwent renovations in 2019 and boasts several notable features such as solar panels, open ceilings, creative office space, private offices, conference rooms, and employee amenities on each floor.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $7,900,000
  • Address: 3710 Ruffin Road
  • Market: San Diego

The buyer, Cabrillo Credit Union, based in San Diego, acquired the property with the assistance of brokers Phil Linton and Nick Bonner from CBRE. The seller in this transaction was the Council of Community Clinics.

Players

Nick Bonner
CBRE
Nick Bonner
2 deals$17.1M volume
BROKER
Phillip (Phil) Linton
CBRE
Phillip Linton
1 deal$7.9M volume(858) 546-4627
BROKER

Details

SOLD
IMAGE: Phil Linton & Nick Bonner DATE: 06/08/2023 ADDRESS: 3710 Ruffin Road MARKET: San Diego ASSET TYPE: Office BUYER: Cabrillo Credit Union (@CabrilloCreditUnion) SELLER: Council of Community Clinics BROKERS: Phil Linton & Nick Bonner - CBRE (@CBRE) SALE PRICE: $7,900,000 SF: 20,060 ~ PPSF: $394 NOTE: San Diego-based Cabrillo Credit Union has purchased a 20,060-square-foot office building in Kearny Mesa for $7.9 million. The property at 3710 Ruffin Road underwent renovations in 2019 and includes features such as solar panels, open ceilings, creative office space, private offices, conference rooms, and employee amenities on each floor.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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