Peter M. Moglia Of Alexandria Real Estate Equities Sells Mixed-use Property In San Diego For $50M
California
See Similar DealsPeter M. Moglia Of Alexandria Real Estate Equities Sells Mixed-use Property In San Diego For $50M
4767 Nexus Centre Drive
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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.
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