Updated Oct 28, 2024
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
About this deal
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.
On the Map
$125,000,000
Mixed-use
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Players
San Diego Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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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