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4820 Overland Avenue

Updated Aug 13, 2025

Clay Duvall And David Binswanger Of Lincoln Property Company Acquire Spectrum Tech Center For $26.25M
SOLDMixed-use

Clay Duvall And David Binswanger Of Lincoln Property Company Acquire Spectrum Tech Center For $26.25M

4820 Overland Avenue & 9112 Spectrum Center Boulevard

$26,250,000

$81/SF

Building Size

161,981 SF

Asset Type

Mixed-use

Closing

Aug 11, 2025

About this deal

AI

The property asset involved in this transaction is a mixed-use development located at 4820 Overland Avenue and 9112 Spectrum Center Boulevard in the San Diego market. The asset was sold for a transaction amount of $26,250,000, encompassing a total square footage of 161,981. The price per square foot is calculated to be $162.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $26,250,000
  • Square Footage: 161,981
  • Price Per Square Foot: $162
  • Address: 4820 Overland Avenue & 9112 Spectrum Center Boulevard
  • Market: San Diego

The acquisition was made by Clay Duvall and David Binswanger of Lincoln Property Company, along with Eric Samek of Brasa Capital Management. The buyer's plans for the property include rebranding it as Spectrum Logistics Center and undertaking significant renovations, such as upgrading the existing industrial building and developing a 3.7-acre IOS yard, with a target completion date in late summer 2026.

On the Map

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$26,250,000

$81/SF

Mixed-use

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Players

Clay Duvall

Lincoln Property Company

Buyer

$2.5B

vol

35 deals

Buyer
BM
Brasa Capital ManagementBuyer
Bilt advertisement

San Diego Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Deal FAQ

About $81 per square foot on a published $26.3M for 323,962 square feet (2025).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.60%

Cash-on-Cash

-0.17%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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