An office building on Ruffin Road in Kearny Mesa has been sold for $12.2 million to the California Schools Voluntary Employee Benefits Association.
Matt Pourcho, Anthony DeLorenzo, Matt Harris and Casey Sterk of CBRE’s Investment Properties represented the seller, CAPL Building LLC, in the transaction.
“We continue to see phenomenal office demand from owner-users,” said Pourcho, executive vice president at CBRE. “Users still want to control their destiny and understand the advantages of owning compared to renting.”
The two-story Class A office building, 3990 Ruffin, sits on 2.05 acres at the corner of Ruffin and Calle Fortunada.
The entire 45,940 square-foot building is leased through 2024, which gives the buyer time to obtain permits and prepare for their use. The property’s amenities include remodeled restrooms, showers, lockers and 144 parking spaces.
Randy LaChance and Ryan Bracker with VOIT represented the association.
