Dispositions (Tables)

9 Months Ended

Sep. 30, 2020

Discontinued Operations and Disposal Groups [Abstract]

Summary of Properties Sold

The following table summarizes information related to the properties that we sold during the nine months ended September 30, 2020.

Property	Submarket	Date of Disposition	Rentable Square Feet	Contractual Sales Price(1) (in thousands)		Gain Recorded (in thousands)
3927 Oceanic Drive	North County San Diego	8/13/2020	54,740	$	10,300	$	2,926
121 West 33rd Street	South County San Diego	9/18/2020	76,701	13,500		7,475
2700-2722 South Fairview Street(2)	OC Airport	9/30/2020	116,575	20,400		3,268
Total			248,016	$	44,200	$	13,669

(1)Represents the gross contractual sales price before commissions, prorations, credits and other closing costs.

(2)Gain recorded reflects (i) a $3.8 million gain on sale recognized due to lease reclassification from operating lease to sales-type lease, less (ii) approximately $0.6 million of selling costs/other write-offs related to the disposition. See Note 6 for additional information.