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8/07/15
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Hill Properties purchased a 40.1k sf, two-story corporate headquarters building in Scripps Ranch for $5.1 mil, or $127/sf. The property is located at 9715 Businesspark Ave, east of I-15 and north of Pomerado Rd.
The buyer plans to reposition the property for repositioning by upgrading the building and site to meet the needs of the current high tech and creative office market demand.
Brian Mulvaney, CCIM, SIOR, and Garrett Fena of Voit Real Estate Services’ San Diego office represented the seller, Enniss Family Realty.
“The property is located at 9715 Businesspark Avenue in San Diego and the market interest has been fairly strong for the anticipated repositioning,” commented Mulvaney. “The purchase price was attractive to the speculative buyer and their equity partner who will provide the needed capital to make this a modern, functional facility for the now popular Scripps Ranch area.”
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