Updated Mar 10, 2026
Morgan Stanley Provides $16 Million Refinance Loan For Vista Investment Group's Office In San Diego
2020 Camino Del Rio North
$16,000,000
$152/SF
Building Size
105,000 SF
Asset Type
Office
Closing
Dec 30, 2025
About this deal
AI
An office asset located at 2020 Camino Del Rio North in San Diego encompasses a total square footage of 105,000. The transaction involved a loan amount of $16,000,000 and was categorized as a refinance deal with terms set for 5 years, including 5 years of interest-only payments.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $16,000,000
- Loan Type: Refinance
- Loan Terms: 5 Years / 5 Years IO
- Lender: Morgan Stanley
- Landlord: Vista Investment Group
- Brokers: Marc Schillinger, Keaton Yellin & Jackson Lane - JLL
- Date of Transaction: 12/30/2025
The transaction was facilitated by three representatives from JLL: Marc Schillinger, Keaton Yellin, and Jackson Lane. Their involvement contributed to the negotiation process and execution of the refinancing agreement for the office property.
On the Map
$16,000,000
$152/SF
Office
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Players
San Diego Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93