Member Press Release

Pacific Coast Commercial is Pleased to Announce The Sale of 9666 Businesspark Avenue for $3,875,000.

Pacific Coast Commercial is pleased to announce the sale of 9666 Businesspark Avenue. The property was acquired by S& A Future Investments LLC and SRA Future Investments LLC for $3,875,000. Lesha Montoya of Pacific Coast Commercial represented the Buyer and Richard Lee of CFI represented the Seller, 9666 Businesspark Investors, LLC. 

“Scripps Ranch has continued to remain strong with very few office buildings coming to the market even with historical vacancies due to COVID. Overall, this submarket of San Diego has continued to climb showing profits and 9666 Businesspark Ave made an excellent 1031 upleg choice for the investment buyers with zero vacancies and closing at a 6.7% CAP,” stated Lesha Montoya, Associate Vice President of Pacific Coast Commercial. 


SALE DETAILS 

Address: 9666 Businesspark Avenue, San Diego, CA 92131 

Property Type: Office, Class B 

Square Footage: 17,967 SF 

Sale Price: $3,875,000 

Seller Name: 9666 Businesspark Investors, LLC 

Buyer Name: S& A Future Investments LLC and SRA Future Investments LLC