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1943 Main Street

Spencer Pettine Of Juniper Ridge Partners Acquires Bay Bridge Center In San Diego For $10.4M
SOLDMixed-use

Spencer Pettine Of Juniper Ridge Partners Acquires Bay Bridge Center In San Diego For $10.4M

1943 Main Street & 1995 Main Street

$10,400,000

$135/SF

Building Size

76,600 SF

Asset Type

Mixed-use

Closing

Jun 26, 2025

AI

The mixed-use property located at 1943-1995 Main Street in San Diego was sold for $10,400,000. The asset encompasses a total of 38,300 square feet across five buildings and is situated on 2.1 acres in the Harbor/Downtown submarket.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $10,400,000
  • Square Footage: 38,300
  • Price per Square Foot: $272
  • Buyer: Spencer Pettine - Juniper Ridge Partners
  • Seller: Jon and Donna Stockholm Trust
  • Brokers: Chris Holder, Mark Lewkowitz & Will Holder - Colliers
  • Market: San Diego
  • Acres: 2.1

Juniper Ridge Partners, represented by Spencer Pettine, acquired the fully leased Bay Bridge Center from the Jon and Donna Stockholm Trust, facilitated by brokers Chris Holder, Mark Lewkowitz, and Will Holder of Colliers.

Players

Mark Lewkowitz

Colliers

Broker

$35.2M

vol

6 deals

Broker
Colliers
ColliersBrokerage

San Diego Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.53%

Cash-on-Cash

-0.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93