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2355 Northside Drive

Steve Gozini Of BH Properties Acquires 285867 SF Office Campus In San Diego's Mission Valley
SOLDOffice

Steve Gozini Of BH Properties Acquires 285867 SF Office Campus In San Diego's Mission Valley

2355 Northside Drive

Building Size

285,867 SF

Asset Type

Office

Closing

Jan 20, 2026

AI

BH Properties acquired a four-building office campus located at 2355-2385 Northside Drive in the San Diego market. The asset has a total square footage of 285,867 and sits on a 12.61-acre site, with 94% occupancy and a strong tenant roster.

Summary of transaction details:

JLL represented the seller in this transaction. The property benefits from its proximity to SDSU’s Mission Valley expansion and Snapdragon Stadium, enhanced by recent upgrades and a resilient submarket demonstrating strong leasing activity and transit access.

Players

Michael Leggett

JLL

Broker

$1.3B

vol

16 deals

Broker
JLL
JLLBrokerage
Steve Gozini

Steve Gozini

B.H. Properties

Buyer

$109.8M

vol

8 deals

Buyer
B.H. Properties
B.H. PropertiesBuyer

San Diego Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93