Landlord Mark Moshayedi Space Investment Partners PCCP Recapitalizes University Square San Diego For $70M

University Square is a grocery-anchored retail center in San Diego, totaling 199,115 SF of retail space on 20 acres, located at 5821-5975 University Avenue. The asset's financing comprises a recapitalization with a loan amount of $70,000,000. The property is 98.5% leased to tenants including Food4Less, Marshalls, Crunch Fitness, and Dollar Tree.

Summary of transation details:

• Property Type: Retail
• Transaction Amount: $70,000,000
• Asset Type: Retail
• Address: 5821-5975 University Avenue
• Market: San Diego
• Size: 199,115 SF
• Acres: 20
• Landlord/Rep: Mark Moshayedi - Space Investment Partners, PCCP
• Loan Type: Recapitalization
• Date: 07/28/2025
• Tenant mix: Food4Less, Marshalls, Crunch Fitness, Dollar Tree

This paragraph highlights the deal’s key participants: Mark Moshayedi, associated with Space Investment Partners, and PCCP, who were involved in the recapitalization of University Square, a grocery-anchored retail center in San Diego.