Classical Academy Buys Vista Office Building For $10.1 Million, Plans New School

San Diego CA

21 May, 2021

5:12 PM

Description

By Editor, Times of San Diego May 21, 2021 A North County office property has been snapped up by charter-school organization Classical Academy for $10.1 million. National University sold the 51,807 square-foot building, which sits on nearly eight acres in Vista. Matt Pourcho, Matt Harris, Anthony DeLorenzo, and Gary Stache with CBRE Group's Investment Properties Group, along with CBRE's Caitlin Little, represented the seller in the transaction. Classical Academy, represented by Jon Walters and Jim Bensen from Kidder Matthews, plans to use the space for a new school. The three-story property at 2022 University Drive near state Route 78 "is an ideal location for a school given the adjacency to vast amounts of amenities, housing and ease of access to the rest of the region," Pourcho said. Nearby options include grocery stores, eateries, bars, banks, hotels and fitness centers. Employment in Vista has increased by more than 12.4% since May 2020, surpassing state and county trends. The community also skews young, with more than 31% of the population between the ages of 18 and 34. Times of San Diego is an independent online news site covering the San Diego metropolitan area. Our journalists report on politics, crime, business, sports, education, arts, the military and everyday life in San Diego. No subscription is required, and you can sign up for a free daily newsletter with a summary of the latest news.