Updated Sep 9, 2026
Lauren Hobart Of Dick's Sporting Goods Leases 158,000 SF Retail Space In San Diego
1640 Camino Del Rio North
Building Size
158,000 SF
Asset Type
Retail
Closing
Sep 4, 2026
About this deal
AI
The retail asset involved in this transaction is located at 1640 Camino Del Rio North in San Diego, CA. It encompasses 158,000 square feet and is part of a $290 million redevelopment project. The site is notable for its former use as a Macy's store and is being repositioned for new retail opportunities, alongside future multifamily development.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Square Footage: 158,000 SF
- Address: 1640 Camino Del Rio North
- Market: San Diego, CA
- Landlord: Marcel Arsenault - Real Capital Solutions (RCS); Robert J. Lowe - Lowe Enterprises
- Tenant: Lauren Hobart - Dick’s Sporting Goods
This transaction marks the leasing of space by Dick’s Sporting Goods, which plans to open its first California House of Sport in 2027. The facility will include experiential features such as climbing walls, golf simulators, and multi-sport facilities, adding significant value to the newly redeveloped center.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93