Mission Valley office building sold to Illinois buyer for nearly $10 million

Aerofund Financial Plaza, a 48,571-square-foot multi-tenant office building on more than 1.3 acres in Mission Valley, has sold for $9.8 million, a brokerage said.

Located at 4025 Camino del Rio S, the three-story, U-shaped building is 100 percent leased to nine tenants in a mix of industries and sizes.

The property was acquired by CES Remington, LLC, based near Chicago. The buyer was represented by Brandon Keith of Voit Real Estate Services.

Jeffrey Cole, Nico Napolitano, Mark Avilla and Brooks Campbell of Cushman & Wakefield Capital Markets and Private Capital Groups of Southern California collaborated to represent the unnamed seller in the transaction.

“Aerofund Financial Plaza is a highly efficient asset. It offers quality and unique office space that sets it apart from other buildings in the area – offering large balconies overlooking a common area, underground parking, fantastic views and immediate freeway access, while smaller units require limited improvements to tenants,” said Napolitano, a senior. director.

He added that Mission Valley is “currently undergoing extensive revitalization, aided by significant institutional capital investment,” and said the seller is “rolling the proceeds of the sale into a higher-profile mixed-use project in the area.”