JUST SOLD $3.95 Mil | Mission Valley Office
PRESS RELEASE
PROPERTY ADDRESS
Address: 2555 Camino Del Rio S, San Diego, CA 92108
(APN): 438-180-30-00
REPRESENTATION
Seller Representation: Tommas Golia & Jason Vieira of Pacific Coast Commercial
Buyer Representation: Jim Taylor & Greg Neville of SVN Asset Advisory Group
SALE DETAILS
Property Type: Office Building
Square Footage: 21,980 SF Building on 0.91 Acres of Land
Sale Price: $3,950,000
Close of Escrow Date: 02/11/2019
Seller Name: HICOM Properties, LLC a California Limited Liability Company
Buyer Name: CNP San Diego Properties, LLC a California Limited Liability Company
CNP San Diego Properties, LLC has acquired a 21,980 SF office building located in the heart of Mission Valley. The property represented a value-add opportunity for an investor to acquire a 100% leased multi-tenant office building with stable cash flow.
The Seller's broker, Tommas Golia of Pacific Coast Commercial stated, "The unique stabilized investment opportunity generated multiple offers and ended up selling above the asking price. Investors were drawn to its ability to capitalize on Mission Valley's development pipeline and growing tenant pool."
The two-story building features high visibility, easy freeway access, ideal suite sizes and tenant mix, with a strong steady rent roll. The long-term leasing advisors, Tommas Golia and Jason Vieira of Pacific Coast Commercial used proactive asset strategy to increase NOI.
Contact Information: Pacific Coast Commercial (619) 469 3600
TOMMAS GOLIA
Associate Vice President
Lic. 01890744
JASON VIEIRA
Sales & Leasing Associate
Lic. 01896589
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