July 31, 2017
Melrose Law Center, a 102,307-square-foot office property in Vista, CA, was acquired by CPI Apartment Fund, LLC’s Coseo Properties, Inc. for $9.9 million. The seller was Vista-based Harmatz Investment Corporation.
Located at 380, 400 and 410 South Melrose Dr., the property consists of three multi-story, multi-tenant office buildings situated in a premiere North San Diego County business location.
Colliers International’s Richard Lebert and Matt Zimsky represented the privately-held, San Diego-based buyer. Cushman & Wakefield’s Mark Avilla and San Diego Commercial’s Tim Clepper represented the seller.
Avilla says, “This was an attractive three-building investment property with an irreplaceable location along Highway 78, and positioned across the street from the North County Courthouse.”