Scripps Plaza
San Diego, CA
The Offering
Investment Summary
- Address 10650 & 10680 Treena Street, San Diego CA
- Square Feet 203,229
- Acres 7.61
- Floors 10680: 6 10650: 3
- Year Built / Renovated 1985 / 2014 / 2020
- Zoning IP-2-1, Industrial Zone Park 2-1
- Tenants 33
- Major Tenants Kratos Offense & Security, Universal SVS dba Allied Universal Security Services, Progressive Casualty Ins, Motorola
- Occupancy 10680: 75% 10650: 90%
- Ground Lease Expires 2064 (40 years)
Cushman & Wakefield’s Capital Markets Team, as exclusive advisor, is pleased to present the opportunity to acquire Scripps Plaza (“The Project”) — a fully renovated and highly improved best-in-micromarket two-building office campus ideally located in San Diego’s tightest micro-market, the Scripps Ranch I-15 Corridor.
Prominently situated off Mira Mesa Blvd. fronting the I-15 Freeway, the Property offers exceptional visibility and signage opportunities, unparalleled freeway access, and walking proximity to a wealth of restaurants at the adjacent SR Ranch Center.
Scripps Plaza encompasses 203,229 square feet of 79% leased institutional-quality creatively improved office space and features a fitness center, expansive common areas, unencumbered lake-views, and abundant 4.0/1000 parking. The two office buildings offer a mini-portfolio or quality that appeals to the the entire office market.
The property has also recently benefiting from a capital infusion of over $5.5M, renovating interior, exterior, and back-of-house components that will preserve capital requirements in the future.
