Deal of the Week

 

October 14, 2008

 


Vista Medical Plaza sold

Principals Larry Strickland and Rusty Williams of Lee & Associates' San Diego North office represented the buyer and seller of the Deal of the Week.

The deal was the sale of Vista Medical Plaza, a 45,717-square-foot medical office building at 2067 W. Vista Way in Vista for $16.6 million.

The buyer was Viper LLC, with Katherine S. Issa as managing member. The price included payment of $10.3 million and assumption of a July 1999 loan originally for $6.8 million. The outstanding balance was $6.27 million.

The seller of the property was V.M.P., LLC, headed by V.M.P. Management Co. Inc. Frederick Feck is president of V.M.P. Management.

Lee & Associates will also act as leasing agents for the property. Currently, the building is 100 percent occupied. The two-story building was constructed in 1986 on a 3.49-acre lot.


 

October 14, 2008