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December 16, 2018
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Mission Valley Office Complex Financed with $47 Mil Insurance Co Loan


City Office REIT has landed $47 mil in financing for Mission City Corporate Center, a four-building office portfolio totaling approximately 290k sf in Mission Valley. Zack Holderman and Tim Wright with HFF arranged the 10-year, fixed-rate acquisition loan through a life insurance company lender.

Mission City Corporate Center consists of buildings at 2355, 2365, 2375 and 2385 Northside Drive, which are 87% leased to tenants, including Eplica Corporate Solutions, Mission Home Health, Midland Credit Management, State of California Water Resources and Innova Systems International Inc. The properties feature two parking structures with 987 parking spaces shared between the four buildings and a newly installed solar field.

Situated in the heart of Mission Valley, the portfolio has immediate access to several major thoroughfares, including Interstates 15, 8 and 805 and Highway 163. Additionally, Mission City Corporate Center is within close proximity to major health providers Scripps Mercy, UCSD Medical, Sharp, Rady Children’s and Kaiser; as well as being located minutes from Qualcomm Stadium, SeaWorld and the San Diego Zoo.

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