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8560 Genesee Avenue, San Di...

Alexandria Real Estate Equities Acquires Mixed-Use Property In San Diego For $125M
SOLDMixed-use

Alexandria Real Estate Equities Acquires Mixed-Use Property In San Diego For $125M

8560 Genesee Avenue, San Diego, California 92117, United States

$125,000,000

Building Size

Asset Type

Mixed-use

Closing

Jan 19, 2022

AI

Located at 8560 Genesee Ave in San Diego, this 13.9-acre mixed-use property was recently sold in a closed transaction. The property was acquired by Alexandria Real Estate Equities, represented by Dan Ryan, for a sale price of $125,000,000. The seller in this transaction was Regency Centers.

Summary of transation details

  • Property Type: Mixed-use
  • Transaction Amount: $125,000,000
  • Address: 8560 Genesee Ave
  • Market: San Diego
  • Buyer: Alexandria Real Estate Equities - Dan Ryan
  • Seller: Regency Centers

Dan Ryan, representing Alexandria Real Estate Equities, played a key role in this transaction. With the purchase of this 13.9-acre mixed-use property, Alexandria Real Estate Equities expands its real estate portfolio in San Diego. Regency Centers, the seller, successfully closed the deal for this prime asset.

Players

Dan Ryan

Buyer

$125M

vol

2 deals

Buyer
Alexandria Real Estate Equities Inc
Alexandria Real Estate Equities IncBuyer
Regency Centers
Regency CentersSeller

San Diego Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.13%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93