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Mission Valley Office Users' Diversity Attracts Investors

Financial services, insurance companies, tech and engineering firms and defense contractors make up the fabric of industries in this submarket, which adds to its stability in the eyes of investors, CBRE's Louay Alsadek tells GlobeSt.com.

By Carrie Rossenfeld | Updated on January 02, 2018

Alsadek: “What attracts buyers to Mission Valley is the location and freeway accessibility, all-around, regardless of where you are in the submarket.”

SAN DIEGO—Financial services, insurance companies, tech and engineering firms and defense contractors make up the fabric of industries in San Diego’s Mission Valley submarket, which adds to its stability in the eyes of investors, CBRE EVP Louay Alsadek tells GlobeSt.com. Alsadek and Hunter Rowe recently acted as investment advisors in Omninet Capital‘s acquisition of Mission Center Office Park in Mission Valley from Kearny Real Estate Co. for an undisclosed price.

The three-building, 183,692-square-foot property, located at 5333-5353 Mission Center Rd., was 92% leased at the time of sale. Richard Gonor, Tony Russell and Brandt Riedman of JLL provided leasing-market expertise.

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