Peter M. Moglia Of Alexandria Real Estate Equities Sells Mixed-use Property In San Diego For $50M

4767 Nexus Centre Drive is a mixed-use property located in the San Diego market, encompassing an area of 65,280 square feet. The property was sold for $50,000,000, resulting in a price per square foot of $766.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $50,000,000
• Address: 4767 Nexus Centre Drive
• Market: San Diego
• Seller: Peter M. Moglia - Alexandria Real Estate Equities Inc
• Sale Price: $50,000,000
• Square Footage: 65,280
• Price per Square Foot: $766
• Seller Financing Provided: $33,000,000

Peter M. Moglia represented Alexandria Real Estate Equities Inc in the sale, which is part of a larger strategy involving a $366M portfolio rationalization and a $1.81B disposition program aimed at reducing operational exposure while funding upcoming construction plans and lowering debt.