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Vista Acquires Mission Valley Office Tower
Vista Investment Group acquired Plaza 2020, a 105,796-square-foot Class A office building in San Diego’s Mission Valley for an undisclosed amount. The building was above 95% leased at closing, and offered a 7.8% cap rate on in-place income.
The acquisition of Plaza 2020 was financed with a $16.6-million fixed-rate life company loan arranged by HFF’s Marc Schillinger. HFF’s Nick Frasco, Nick Psyllos, Ryan Gallagher, Kara Mathis and Taylor Bergthold marketed the property on behalf of the unnamed seller, and secured the buyer. Sklar Kirsh’s Andrew Kirsh represented Vista Investment Group.
Built in 1970, Plaza 2020 was extensively renovated in 2000. The 10-story office tower also features more than 10,000 square feet of tenant-serving ground floor retail, and is situated on a 3.16-acre site at 2020 Camino del Rio North, adjacent to Interstate 8 and SR-163.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


