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DivcoWest Acquires Office Building On Scripps Summit Drive For $76.1M

12220 Scripps Summit Drive
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This Office property located in CA was sold for $76,100,000 almost 2 years ago. The brokers of the deal were Kurt Luedtke, Lynn LaChapelle, and Nick Psyllos

DivcoWest has acquired an office property located at 12220 Scripps Summit Drive in Scripps Poway Parkway. The transaction, which took place on 04/29/2022, involved a sale between DivcoWest and Davlyn Investments. The property, spanning 130,000 square feet, was sold for a total price of $76,100,000, resulting in a price per square foot of $585.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $76,100,000
  • Address: 12220 Scripps Summit Drive
  • Market: Scripps Poway Parkway
  • Buyer: DivcoWest
  • Seller: Davlyn Investments
  • Brokers: Nick Psyllos, Lynn LaChapelle & Kurt Luedtke - JLL Capital Markets

The sale of this office property was facilitated by the JLL Capital Markets team, represented by brokers Nick Psyllos, Lynn LaChapelle, and Kurt Luedtke. The successful transaction solidifies DivcoWest's expansion in the Scripps Poway Parkway market.

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Deals
  • Location
    12220 Scripps Summit Drive, San Diego, California 92131, United States12220 Scripps Summit Drive, San Diego, California 92131, United States
  • Sale Price
    $76,100,000$76,100,000
    $585 PPSF$585 PPSF
  • Area
    130,000 SF130,000 SF
  • Asset Type
    OfficeOffice
  • Parties
    3 Brokers, 1 Agency3 Brokers, 1 Agency

Agents

Kurt Luedtke

Kurt Luedtke

Deals1
Sold$76.1M

Lynn LaChapelle

Lynn LaChapelle

Deals4
Sold$455.3M

Nick Psyllos

Nick Psyllos

Deals5
Sold$306.8M

Agency

JLL

JLL

Agency
Deals5591
Volume$332.6B

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Deal Summary

SALE IMAGE: Lynn LaChapelle, Nick Psyllos & Kurt Luedtke DATE: 04/29/2022 ADDRESS: 12220 Scripps Summit Drive MARKET: Scripps Poway Parkway ASSET TYPE: Office BUYER: DivcoWest SELLER: Davlyn Investments BROKERS: Nick Psyllos, Lynn LaChapelle & Kurt Luedtke - JLL Capital Markets SALE PRICE: $76,100,000 SF: 130,000 ~ PPSF: $585

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12220 Scripps Summit Drive

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