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
San Diego Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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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