Alexandria Real Estate Equities Acquires Mixed-Use Property In San Diego For $125M
SOLD
$125,000,000
California
See Similar DealsMixed-use
Sold 01/19/2022
SOLD
Alexandria Real Estate Equities Acquires Mixed-Use Property In San Diego For $125M
8560 Genesee Avenue, San Diego, California 92117, United States
See Similar DealsMixed-use
Sold 01/19/2022
Summary
CALIFORNIA
Asset Type:Mixed-use
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$6,666,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$444,098.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$592,563.77
Annual Debt Service$7,110,765.26
Is there something missing? Send suggestions