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Equity Oak Ventures Secures $12.25 Million Loan For Mixed-Use Portfolio In San Diego County

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FINANCED
$12,250,000

California

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Mixed-use175,244 SF
Financed 11/04/2024
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Property Image
FINANCED

Equity Oak Ventures Secures $12.25 Million Loan For Mixed-Use Portfolio In San Diego County

11225 West Bernardo Court & 1900 Aston Avenue

See Similar Deals
Mixed-use175,244 SF
Financed 11/04/2024
Contact now

Summary

CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$69
Total Square Footage:175,244 SF
Transaction Type:Loan

The property asset involved in this transaction includes a mixed-use portfolio consisting of four buildings located at 11225, 11235, 11245 West Bernardo Court and 1900 Aston Avenue. The total square footage of the portfolio is 87,622 with a loan amount of $12,250,000 confirmed through three-year, fixed-rate financing. The portfolio encompasses both an industrial campus of 42,865 square feet in Rancho Bernardo and a 44,757-square-foot R&D facility in Carlsbad, both of which were acquired in May 2023 and are fully leased.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $12,250,000
  • Market: San Diego & Carlsbad
  • Landlord: Equity Oak Ventures
  • Asset Size: 87,622 square feet
  • Loan Terms: three-year, fixed-rate
  • Broker Representatives: Alex Witt, Chris Collins & Daniel Pinkus - JLL

JLL Capital Markets was responsible for arranging the financing for this fully leased portfolio, highlighting their role in structuring such transactions in the San Diego County market. The involvement of Equity Oak Ventures as the landlord underscores their ownership and management of the properties within this portfolio.

Players

Daniel Pinkus
6 deals$765.6M volume
BROKER

Christopher (Chris) Collins
JLL
8 deals$95.1M volume
BROKER

Alex Witt
JLL
3 deals$47.5M volume(415) 395-4976
BROKER

Details

FINANCED
IMAGE: Alex Witt, Chris Collins & Daniel Pinkus DATE: 11/04/2024 ADDRESS: 11225, 11235, 11245 West Bernardo Court & 1900 Aston Avenue MARKET: San Diego & Carlsbad ASSET TYPE: Mixed-use ~ SF: 87,622 LANDLORD: Equity Oak Ventures BROKERS: Alex Witt, Chris Collins & Daniel Pinkus - JLL (@JLL) LOAN AMOUNT: $12,250,000 LOAN TERMS: three-year, fixed-rate NOTE: JLL Capital Markets arranged $12.25 million in three-year, fixed-rate financing for Equity Oak Ventures’ four-building flex industrial and office portfolio in San Diego County. The fully leased portfolio includes a 42,865-square-foot campus in Rancho Bernardo and a 44,757-square-foot R&D facility in Carlsbad, both of which were purchased in May 2023 and now have long-term leases.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$12,250,000.00

Monthly NOI$81,666.67
Monthly Debt Service$77,428.33
Change in Cash Flow$0.00
Refinance Proceeds$0.00