School District Buys Mission Valley Office Plaza for $5.6 MillionThursday, June 12, 2014
The San Diego Unified School District has bought River Bank Plaza, a two-building office property in Mission Valley, for about $5.6 million.
The school district plans to lease the property, at 3420 and 3430 Camino Del Rio North, to a nonprofit charter school, according to brokerage company Colliers International.
Colliers’ Derek Hulse, Derek Applbaum and Tom Mercer represented the seller, NCWP-River Bank LLC. The three-story, Class B office property is near Interstate 8 and totals 40,222 square feet.
At the time of the transaction, River Bank Plaza was the only freeway-visible, vacant office project for sale in Mission Valley, Hulse said.