Cushman & Wakefield brokered the sale of Aerofund Financial Plaza, a 48,571-square-foot multi-tenant office building in San Diego’s Mission Valley neighborhood. Located at 4025 Camino del Rio S., the three-story, U-shaped building was 100% leased to nine tenants. The property was acquired by CES Remington, LLC, based near Chicago, for $9.8 million.  

Jeffrey Cole, Nico Napolitano, Mark Avilla and Brooks Campbell of Cushman & Wakefield’s Capital Markets and Private Capital groups in Southern California collaborated to represent the seller. The buyer was represented by Brandon Keith of Voit Real Estate Services.

“Aerofund Financial Plaza is an extremely efficient asset,” said Napolitano. “It provides quality and unique office space that sets it apart from other buildings in the area—offering large balconies overlooking a common area, subterranean parking, fantastic views, and immediate freeway access while the smaller units require limited tenant improvements.

He continued, “The Mission Valley location is poised to provide additional tailwinds, currently undergoing a large revitalization aided by significant institutional capital investment. The seller is exchanging the proceeds of the sale into a higher profile mixed-use project in the area.”