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3160 Camino Del Rio South

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Center Point, Mission Valley in San Diego Sells for Nearly $18 Million

City Group has sold the two-building Center Point, Mission Valley office campus for $17.96 million to San Diego-based M.C. Strauss Company. The sale of the 79,215-square-foot business campus was brokered by Cushman & Wakefield.

“Center Point, Mission Valley is a high quality, centrally located suburban coastal asset that has enjoyed continuous occupancy stability during all phases of the real estate cycle, posting an impressive year-end average occupancy well above 90% over the past decade,” Rick Reeder, Executive Managing Director at Cushman & Wakefield. “The campus has a diverse rent roll of quality tenants that is led by a strong anchor tenant.” The office campus is located at 3110-3160 Camino Del Rio South in Mission Valley. It is around 91.2 percent leased.

Reeder and Brad Tecca of Cushman & Wakefield Capital Markets in San Diego represented both the buyer and seller in the deal. Derek Applbaum, senior vice president at Colliers International, was the leasing advisor.

By: Karen Jordan


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3160 Camino Del Rio South

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Derek Applbaum

Senior Vice President

San Diego

Derek Applbaum has 21 years of specialized leasing and sales of office properties in Central San Diego. Throughout his career, Derek has represented a variety of owners and users through complex lease and sale transactions.  He is considered a trusted advisor amongst his clients as he understands his clients and competitors needs and develops strategies that best suit his clients’ abilities to lease and sell their real estate.

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