Updated Jul 9, 2025
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
38,300 SF
Asset Type
Mixed-use
Closing
Jun 26, 2025
About this deal
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.
On the Map
$10,400,000
$135/SF
Mixed-use
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Players
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