Updated Oct 29, 2024
San Diego State University Acquires Development Site In Mission Valley For $88M
Mission Valley, San Diego, CA, USA
$88,000,000
$15/SF
Building Size
5,880,600 SF
Asset Type
Development Site
Closing
Jul 5, 2020
About this deal
AI
A development site in Mission Valley, San Diego has been sold for $88,000,000. The property spans over 135 acres and was purchased by San Diego State University, represented by Adela de la Torre. The seller of the site was the San Diego City Council, represented by Kevin Faulconer.
Summary of transaction details
- Property Type: Development site
- Transaction Amount: $88,000,000
- Location: Mission Valley, San Diego
- Buyer: San Diego State University - Adela de la Torre
- Seller: San Diego City Council - Kevin Faulconer
- Acres: 135
The purchase of this development site marks an important step for San Diego State University as they expand their campus. Adela de la Torre, representing the university, negotiated the deal with Kevin Faulconer, representing the San Diego City Council. The acquisition of this sizable property will provide opportunities for future development and growth for the university.
On the Map
$88,000,000
$15/SF
Development Site
View full map
Players
San Diego Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Deal FAQ
Browse California development site sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93