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350 10th Avenue

Updated Sep 28, 2026

DivcoWest Leases 41,125 SF Mixed-Use Space To Gensler, GoFundMe, And Lucca In San Diego
LEASEDMixed-use

DivcoWest Leases 41,125 SF Mixed-Use Space To Gensler, GoFundMe, And Lucca In San Diego

350 10th Avenue

Building Size

41,125 SF

Asset Type

Mixed-use

Closing

Sep 16, 2026

About this deal

AI

The property involved in this transaction is a mixed-use asset located at 350 10th Avenue in San Diego, CA. It encompasses a total square footage of 41,125. The market for this property is situated within San Diego, California.

Summary of transaction details:

This transaction includes three leases signed by DivcoWest and CBRE at DiamondView Tower in Downtown San Diego. The leases comprise a 19,396-square-foot office space for Gensler, a 17,778-square-foot renewal for GoFundMe, and a 3,951-square-foot retail lease for Lucca Italian Sandwich Shop. This agreement reflects a strategic approach to meet the increasing demand for well-located, amenity-rich office spaces in a market that is currently experiencing softness.

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Mixed-use

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Players

Chuck Reiter

CBRE

Broker

2 deals

Broker
Stuart Shiff

Stuart Shiff

DivcoWest

Landlord

$2.3B

vol

21 deals

Landlord
Gensler
GenslerTenant
GoFundMe
GoFundMeTenant
Bilt advertisement

Avenue Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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