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California  + San Diego  + Office  | 
Scripps Ranch Office Building Trades for $6M, CBRE Arranges

Scripps Ranch Office Building Trades for $6M

CBRE has arranged the sale of a 23,500-square-foot office building in San Diego’s Scripps Ranch submarket to a private buyer, completing a 1031 exchange. Located at 10200 Willow Creek, the property was purchased for $6.04 million from Epsten, Grinnell & Howell, APC.

Matt Pourcho, Jeb Bakke, Anthony DeLorenzo, Matt Harris and Nick Williams of CBRE’s Private Capital Partners represented the seller in the transaction. “Scripps Ranch used to be a ‘sleeper’ submarket, but is now seeing massive life science developments and significant office tenant demand because of the office-to-lab conversions in Sorrento Mesa,” said Pourcho. “Additionally, the local area is fueled by the remaining significant residential developments.”

The one-story property is situated on just over 2 acres with 92 parking spaces and was built in 1980. Located at the intersection of Willow Creek and Appaloosa Road, the building is just minutes east of Interstate 5.


Inside The Story

Epsten Grinnell & HowellCBRE's Matt Pourcho

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.

  • ◦Sale/Acquisition