FINANCEDMixed-use
Oside Arena Holdings LLC Secures $49.7 Million Loan From Nuveen Green Capital For Frontwave Arena
3475 Hero Drive
$49,700,000
$290/SF
Building Size
171,000 SF
Asset Type
Mixed-use
Closing
Apr 30, 2026
AI
The asset involved in the transaction is a Sports Arena located at 3475 Hero Drive in Oceanside. The sports arena encompasses a total area of 171,000 square feet and has been recapitalized with a loan amount of $49,700,000.
Summary of transaction details:
- Property Type: Sports Arena
- Transaction Amount: $49,700,000
- Lender: Cory Jubran, Aidan McLaughlin & Jean Liu - Nuveen Green Capital
- Landlord: Oside Arena Holdings LLC
- Loan Type: Recapitalization
- Loan Terms: 30
The deal was facilitated by Nuveen Green Capital, which provided C-PACE financing to the landlord, Oside Arena Holdings LLC. This financing enabled the recapitalization of previously completed energy and water efficiency improvements, as well as allowed for the payment of senior obligations and city fees associated with the certificate of occupancy.
Players
Oceanside Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93