REBusinessOnline

Mission Federal Credit Union Sells Former Headquarters in San Diego for $10.4M

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Alvarez & Marsal Capital Real Estate plans to convert the three-story, 61,406-square-foot former headquarters of Mission Federal Credit Union in San Diego into a creative office space.

SAN DIEGO — Mission Federal Credit Union has completed the disposition of its former headquarters in San Diego. Alvarez & Marsal Capital Real Estate, a creative office developer, acquired the asset for $10.4 million.

Located at 5785 Oberlin Drive in San Diego’s Sorrento Mesa submarket, the 61,406-square-foot property features an entry lobby, open floor plans and an extensive glass line with hillside views. The buyer plans to convert the three-story building, which was built in 1985, into creative office space.

Matt Pourcho, Anthony DeLorenzo, Gary Stache and Doug Mack of CBRE represented both parties in the transaction.

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