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California  + San Diego  + Finance  | 
Marcus & Millichap Capital Corporation arranged acquisition financing for a multi-tenant office at 9801 Scripps Lake Dr. in San Diego

MMCC Arranges Acquisition Debt for Multi-Tenant San Diego Office 

Marcus & Millichap Capital Corporation (MMCC) has arranged $5.07 million in financing for the purchase of a multi-tenant office property at 9801 Scripps Lake Dr. in San Diego. The transaction was secured by San Diego-based executive managing director Chad O’Connor. 

“Multi-tenant office properties are experiencing increased demand in the market as the real estate landscape returns to a sense of normal,” said O’Connor. “Commercial, multi-tenant office properties are seeing active enthusiasm from lenders, especially as workers return to traditional offices and demand for housing and other asset types remain competitive in the Scripps Ranch and Miramar area, demonstrating a robust economy and a strong pipeline for talent in the region.” 

The 10-year loan has an LTV of 65%, an interest rate of 3.875% and a 30-year amortization. The two-story, 13,628 square foot property is in proximity to the I-15, within close distance of downtown San Diego and numerous local businesses. 

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MMCC'S O'Connor

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Financing
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