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3990 Ruffin Road
SOLD

California Schools Voluntary Employee Benefits Assoc Acquires Office In San Diego For $12.2M

3990 Ruffin Road

Office
45,940 SF
clock iconSold 58 days ago
Casey Sterk
Randy LaChance
Matt Harris
+ 4
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Summary

Sale
CALIFORNIA
Office
45,940 sqft

The office property located at 3990 Ruffin Road in San Diego spans 2.05 acres and was recently sold for $12,200,000. The transaction amounted to $267 per square foot, with a total area of 45,940 square feet. The sale was facilitated by CBRE, with the buyer being the California Schools Voluntary Employee Benefits Association and the seller being CAPL Building LLC.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $12,200,000
  • Address: 3990 Ruffin Road
  • Market: San Diego
  • Square Footage: 45,940
  • Price Per Square Foot: $267

Randy LaChance & Ryan Bracker from Voit Real Estate Services represented the buyer, California Schools Voluntary Employee Benefits Association, in the transaction. On the other side, the seller, CAPL Building LLC, was represented by Anthony DeLorenzo, Casey Sterk, Matt Harris, and Matt Pourcho from CBRE. The property was fully leased through 2024 and offered various amenities, reflecting the strong demand for office spaces in the region.

Players

  • All

    8

  • Agents

    6

  • Agencies

    2

Casey Sterk's profile picture
Casey Sterk
CBRE-image
Director
$21M Sold
Matt Harris's profile picture
Matt Pourcho's profile picture
Ryan Bracker's profile picture

Details

Deal Summary
minus icon
SOLD
IMAGE: 04/19/2024 ADDRESS: 3990 Ruffin Road MARKET: San Diego ASSET TYPE: Office ~ ACRES: 2.05 BUYER: California Schools Voluntary Employee Benefits Association SELLER: CAPL Building LLC BUYER'S REP: Randy LaChance & Ryan Bracker - Voit Real Estate Services SELLER'S REP: Anthony DeLorenzo, Casey Sterk, Matt Harris & Matt Pourcho - CBRE SALE PRICE: $12,200,000 SF: 45,940 ~ PPSF: $266 NOTE: CBRE facilitated the $12.2 million sale of 3990 Ruffin Road in San Diego to the California Schools Voluntary Employee Benefits Association at $267 per sq. ft. The seller, CAPL Building LLC, was represented by Matt Pourcho, Anthony DeLorenzo, Matt Harris, and Casey Sterk of CBRE's Investment Properties, highlighting strong owner-user demand for office spaces, with the building fully leased through 2024 and offering various amenities on a 2.05-acre site.

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Address3990 Ruffin Road

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