CBRE Brokers $6.42 Million Sale of San Diego Office Building

CBRE arranged the sale of 10085 Carroll Canyon Road, a 22,532-sq.-ft.-office building in San Diego's submarket of Scripps Ranch, to the Barron Team and CAPRO Network Financials, who intend to occupy the building for their use.

Matt Pourcho, Anthony DeLorenzo, Nick Williams and Matt Harris of CBRE's Investment Properties represented the seller, Rosner Law & Mansfield, in the transaction.

"The owner-user market remains extremely healthy in San Diego, despite rising interest rates," said Mr. Pourcho. "We had several interested buyers, and this is the second owner-user sale we facilited in Scripps Ranch within the past four months."

The two-story building, built in 1984, is situated on 1.22 acres. The property is currently 50% leased; the 11,339-sq.-ft.-second floor is fully leased to short-term tenants, and the 11,193 sq. ft.-bottom floor is available for the buyer to occupy. Just minutes east of Interstate 15, the building is accessible from Carroll Canyon Road near restaurants and shopping destinations.