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2020 Camino Del Rio North

Morgan Stanley Provides $16 Million Refinance Loan For Vista Investment Group's Office In San Diego
FINANCEDOffice

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

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.

Players

Marc Schillinger

JLL

Broker

$2.2B

vol

50 deals

Broker
Keaton Yellin
Verified Badge

Keaton Yellin

JLL

Broker

$750.7M

vol

26 deals

Broker
Vista Investment Group
Vista Investment GroupLandlord

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