Scripps Ranch Office Building Sold for $10.4 Million

Locally based Double Black Diamond Properties LLC has purchased a Scripps Ranch office building for $10.4 million, according to Voit Real Estate Services, which represented the buyer.

The seller was PV Meanley Drive LLC, a unit of PacVentures Inc., which was represented by CBRE.

The second floor of the 60,870-square-foot building at 10150 Meanley Drive is currently leased to Paychex Inc., which occupies approximately half the property’s total space on a seven-year lease.

According to CoStar Group, the office building was completed in 2001 and is located at Scripps Ranch Tech Park.

--SDBJ Staff Report