Wisconsin Investment Firm Buys Scripps Ranch Retail CenterFriday, March 22, 2013
Wisconsin-based Hendricks Commercial Properties has purchased the Scripps Mesa Retail Center, in theScripps Ranch neighborhood, for $6.9 million. The seller of the property, at 9801-9841 Mira Mesa Blvd., was locally based Scripps Mesa Central LLC.
According to a statement from brokerage firm CBRE, which represented the buyer and seller through its private capital group, the 25,721-square-foot retail center was 86 percent leased at the time of sale. Tenants include Play it Again Sports, California Coast Credit Union, Primal Training and Farmers Insurance.
The center was built in 1988 on 1.69 acres.
Hendricks Commercial Properties manages and owns more than 15 million square feet of assets in 43 states, including industrial, office, retail, multifamily properties and development land.
— SDBJ Staff Report