facebook
Traded Co logo
Submit
Daily limit: 0/10

JLL Arranges $82.46M Refinancing For Sunroad Centrum Office Tower In San Diego

Property Image
FINANCED
$82,460,000

California

See Similar Deals
Office274,758 SF
Financed 05/20/2024
the dealplayerscompscontact
Property Image
FINANCED

JLL Arranges $82.46M Refinancing For Sunroad Centrum Office Tower In San Diego

8620 Spectrum Center Boulevard

See Similar Deals
Office274,758 SF
Financed 05/20/2024
Contact now

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$300
Total Square Footage:274,758 SF
Transaction Type:Loan

The Sunroad Centrum Office Tower in San Diego, located at 8620 Spectrum Center Boulevard, spans approximately 274,758 square feet on a 1.47-acre property. The office building, fully leased and standing 11 stories tall, recently underwent successful repositioning efforts. Key tenants include the Veterans Administration, and the property offers extensive amenities.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $82,460,000
  • Market: San Diego
  • Lender: Goldman Sachs
  • Landlord: Dan Feldman - Sunroad Enterprises
  • Broker: Aldon Cole, Bharat Madan & Tim Wright - JLL
  • Loan Type: Refinance
  • Loan Terms: Five-year, fixed-rate

JLL Capital Markets played a significant role in arranging the $82.46 million refinancing deal through Goldman Sachs for Sunroad Centrum Office Tower. The involvement of Sunroad Enterprises, led by Dan Feldman, as the landlord highlights the strategic decisions made in a challenging market environment, showcasing successful repositioning efforts.

Players

Tim Wright
9 deals$2.4B volume
BROKER

Bharat Madan
JLL
9 deals$1.9B volume
BROKER

Aldon Cole
JLL
15 deals$2.3B volume
BROKER

Goldman Sachs
LENDER

Details

FINANCED
IMAGE: Dan Feldman, Aldon Cole, Bharat Madan & Tim Wright DATE: 05/20/2024 ADDRESS: 8620 Spectrum Center Boulevard MARKET: San Diego ASSET TYPE: Office ~ SF: 274,758 ~ ACRES: 1.47 LENDER: Goldman Sachs (@GoldmanSachs) LANDLORD: Dan Feldman - Sunroad Enterprises BROKER: Aldon Cole, Bharat Madan & Tim Wright - JLL (@JLL) LOAN AMOUNT: $82,460,000 LOAN TYPE: Refinance LOAN TERMS: five-year, fixed-rate NOTE: JLL Capital Markets arranged an $82.46 million refinancing for Sunroad Centrum Office Tower in San Diego through Goldman Sachs. The fully leased, 11-story building features major tenants like the Veterans Administration and boasts extensive amenities, underscoring Sunroad's successful repositioning in a challenging market.

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

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
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$82,460,000.00

Monthly NOI$549,733.33
Monthly Debt Service$521,203.29
Change in Cash Flow$0.00
Refinance Proceeds$0.00