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BH Snaps Up 94% Leased Office Campus in Mission Valley
BH Properties has acquired Mission City, a 285,867-square-foot, four-building suburban office campus located at 2355–2385 Northside Dr. in San Diego’s Mission Valley. JLL’s Lynn LaChapelle, Michael Leggett, Bob Prendergast and Kurt Luedtke represented the seller. Deal terms were not disclosed.
Mission City is situated on 12.61 acres adjacent to San Diego State University’s Mission Valley Campus expansion and Snapdragon Stadium. It is 94% occupied and features an investment-grade tenant roster with a weighted average lease term exceeding four years. Recent improvements include an onsite fitness center, tenant lounge, outdoor work and gathering areas and EV charging stations.
“Mission City is located in an improving submarket that’s demonstrated strength and resiliency,” said Jim Brooks, president of BH Properties. “Our acquisition of The Landing at HZRD, a neighboring retail and office campus nearly 18 months ago, helped solidify Mission Valley as a resilient submarket given consistent leasing activity, great transit access and scale of nearby redevelopments and investment.”
- ◦Sale/Acquisition
