Scripps Wateridge

6925/6965 Lusk Blvd., San Diego, Calif.

Scripps Wateridge is a two-building, corporate office project located in Sorrento Mesa. Under Cruzan | Monroe's ownership, the property was 100% leased to the following tenants: Qualcomm, Cingular and UCSD. Cruzan | Monroe perfected the entitlements on a vacant 4.26-acre development pad entitled for a 26,000-square-foot, two-story office building.

The Facts:

  • Site Acreage: 
    11.82
  • Square Footage: 
    124,290
  • Acquisition Date: 
    December 2004
  • Acquisition Price: 
    $24.75 M
  • Sale Date: 
    September 2006
  • Sale Price: 
    $38 M