July 10, 2017 Comments Off on Transit-Oriented Mission Valley MXU MF Trades for $65M Views: 895 California News, San Diego

Transit-Oriented Mission Valley MXU MF Trades for $65M

Fowler Property Acquisitions purchased the leasehold interest in The Village at Morena Vista, a transit-oriented mixed-use multifamily complex in San Diego for $65 million. The Village at Morena Vista was built on leased land from the Metropolitan Transit Development Board.

The property, built in 2007, is located at 5395 Napa St. in San Diego’s Mission Valley neighborhood, and features 185 apartment units as well as 18,814 square feet of on-site retail. The complex is situated on the Morena/Linda Vista Trolley Stop, within walking distance from the University of San Diego.

CBRE’s Kevin Mulhern and Rachel Parsons represented the seller, Morena Vista Development LLC. The buyer was self-represented. The new owner renamed the complex “Arrive Mission Valley,” and is planning a comprehensive renovation.

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