Just Sold Off Market | Mission Valley Rio Sur Office Building | $5,750,000

Updated: Nov 4, 2021


Pacific Coast Commercial is pleased to announce the sale of Rio Sur office buildings. The approximately 28,564 SF buildings sold on November 1, 2021, for $5,750,000.


The property consisted of two office buildings located on an approximately 2.17 acre lot and was 95% leased at the time of sale. The seller will be participating in a 1031 exchange and purchasing an up-leg property outside of California. The Buyer intends to hold the property as an investment.


Now that the economy and investment lending programs are opening up, we’re seeing a marked increase in investment properties trading both on and off market. The increase being driven in part by investor concerns over potential 1031 tax law changes and by the movement of investment capital out of state. This sale reflects those driving forces,” stated Shirley Kanamu, Senior Broker at Pacific Coast Commercial.


PROPERTY ADDRESS:

Address: 2831 Camino Del Rio South, San Diego, CA 92108

APN: 438-210-27-00


SALE DETAILS:

Property Type: Office Building

Square Footage: 28,564 SF

Sale Price: $5,750,000

Close of Escrow Date: November 1, 2021

Seller Name: Medical Real Estate Partners 6 LLC

Buyer Name: Camino Del Rio South LLC

Escrow Company: Corinthian Title and Escrow, Sam Lopez – Escrow Officer

Title Company: Corinthian Title, Carmen Vinti – Title Officer

Financing: Slatt Capital, Cody Charfauros - Principal



Contact Agents for More Details (619) 469-3600


Sellers Representation at Pacific Coast Commercial:


Shirley Kanamu

Senior Broker Associate

D: (619) 787-6374

Shirley@PacificCoastCommercial.com

Lic. 01268281


Kurt Kerner

Sales & Leasing Associate

D: (858) 964-8019

Kurt@PacificCoastCommercial.com

Lic. 02099773



Buyers Representation at Pacific Coast Commercial:


Tommas Golia

Associate Vice President

D: 858 598 2891

Tommas@PacificCoastCommercial.com

Lic.# 01890744


Jason Vieira

Senior Advisor - Sales & Leasing

D: 858 300 0375

Jason@PacificCoastCommercial.com

Lic.# 01896589


Colton Speas

Sales & Leasing Associate

D: 858 598 2873

Colton@PacificCoastCommercial.com

Lic.# 02062812


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