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Chicago Investment Entity Spends $9.8 Mil on San Diego Area Office Property

6/18/24

Aerofund Financial Plaza, a 48.6k sf, multi-tenant office building on over 1.3 acres in San Diego’s Mission Valley neighborhood, was acquired by Chicago-based CES Remington LLC for $9.8 mil ($201/sf). Located at 4025 Camino del Rio S, the three-story, u-shaped building is 100% leased to nine tenants across a diversified mix of industries and sizes.

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 in the transaction. The buyer was repped by Brandon Keith of Voit Real Estate Services.

“Aerofund Financial Plaza is an extremely efficient asset. 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. The Mission Valley location is poised to provide additional tailwinds, currently undergoing a large revitalization aided by significant institutional capital investment,” said Napolitano. “The seller is exchanging the proceeds of the sale into a higher profile mixed-use project in the area.”




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