facebook

traded

+ Submit
Home

/

Deals

/

California

/

Retail

/

Lease

/

7995 Civita Boulevard San D...

Jimbo's Naturally Signs Lease For 25,000-Square-Foot Space At The Row At Civita In San Diego
LEASEDRetail

Jimbo's Naturally Signs Lease For 25,000-Square-Foot Space At The Row At Civita In San Diego

7995 Civita Boulevard San Diego, California 92108, USA

$125,000

$125,000/SF

Building Size

25,000 SF

Asset Type

Retail

Closing

May 11, 2023

AI

The Row at Civita, a mixed-use development in San Diego, has secured a lease agreement with Jimbo's Naturally, a grocery store chain, for a 25,000-square-foot space. The lease was signed with Sudberry Properties, the landlord of the property located at 7995 Civita Boulevard. The asking rent for the space is $125,000 per month.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Lease
  • Date: 05/11/2023
  • Address: 7995 Civita Boulevard
  • Market: San Diego

Jimbo's Naturally will become an anchor tenant at The Row at Civita, strengthening the reputation of the development as a hub for commercial activity. The grocery store is expected to open in the second half of 2026, becoming the fifth Jimbo's store in San Diego County.

Players

Sudberry Properties
Sudberry PropertiesLandlord

San Diego Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

126.90%

Cash-on-Cash

-36.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93