Updated Oct 29, 2024
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
About this deal
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
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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