JLL Secures $27.6 Million Refinance Loan For Torrey Hills Center Retail In San Diego

The property involved in the transaction is Torrey Hills Center, located at 4639-4853 Carmel Mountain Road in San Diego. This retail asset has a square footage of 86,467 and is currently 98.4% occupied. The center features a Vons anchor and includes 26 tenants, such as Starbucks, Wells Fargo, and Orangetheory Fitness.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $27,600,000
• Loan Type: Refinance
• Loan Terms: 10-year, fixed-rate
• Market: San Diego
• Brokers: Allie Black, Greg Brown, John Marshall & Spencer Seibring - JLL

JLL Capital Markets was responsible for securing the $27.6 million loan which is aimed at refinancing the retail property. The brokers involved in the transaction are Allie Black, Greg Brown, John Marshall, and Spencer Seibring, who represented the deal on behalf of JLL.