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
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