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Marcus & Millichap Arranges $14M Sale of Mission Valley Office Building

Marcus & Millichap Arranges $14M Sale of Mission Valley Office Building

Katz Real Estate has purchased 2650 Camino Del Rio N, a 71,000-square-foot office property located in San Diego, in a $14 million transaction arranged by Marcus & Millichap. The acquisition was part of a 1031 exchange for the buyer who traded out of a retail portfolio in Hillcrest.

Nicholas Totah, First Vice President of Investments for the Totah Group in Marcus & Millichap’s San Diego Downtown office, secured and represented Katz Real Estate.

2650 Camino Del Rio N is a three story office building located in the Mission Valley submarket of San Diego. The property has ample parking and freeway visibility from I-8 and I-805, and is 80% occupied by a diverse mix of professional office and medical tenants. The building and grounds will undergo upgrades to fully lease and stabilize the asset.


Inside The Story

Marcus & MillichapNicholas Totah

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.

  • ◦Sale/Acquisition
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