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

Property Image
SOLD
$10,400,000

California

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Mixed-use76,600 SF
Sold 06/26/2025
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Property Image
SOLD

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

1943 Main Street & 1995 Main Street

See Similar Deals
Mixed-use76,600 SF
Sold 06/26/2025
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Summary

CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$135
Total Square Footage:76,600 SF
Transaction Type:Sale

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
6 deals$35.2M volume
BROKER

Chris Holder
Colliers
4 deals$35.2M volume
BROKER

Will Holder
Colliers
5 deals$12M volume
BROKER

Colliers
BROKERAGE

Details

SOLD
IMAGE: Chris Holder, Mark Lewkowitz & Will Holder DATE: 06/26/2025 ADDRESS: 1943-1995 Main Street MARKET: San Diego ASSET TYPE: Mixed-use ~ ACRES: 2.1 BUYER: Spencer Pettine (@SpencerPettine)- Juniper Ridge Partners SELLER: Jon and Donna Stockholm Trust BROKERS: Chris Holder, Mark Lewkowitz & Will Holder (@SanDiegoIndustrialTeam) - Colliers (@ColliersInternational) SALE PRICE: $10,400,000 SF: 38,300 ~ PPSF: $272 NOTE: Juniper Ridge Partners bought the fully leased Bay Bridge Center in San Diego for $10.4M from the Jon and Donna Stockholm Trust. The 38.3K SF, five-building flex complex at 1943-1995 Main St. sits on 2.1 acres in the Harbor/Downtown submarket.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$554,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$36,949.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$49,301.31
Annual Debt Service$591,615.67