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School District Buys Mission Valley Office Plaza for $5.6 Million

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.

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