Updated Dec 12, 2025
PSRS Secures $5.6M Refinance For Washington Center Retail In San Diego
$5,600,000
$164/SF
Building Size
33,971 SF
Asset Type
Retail
Closing
Dec 11, 2025
About this deal
AI
Washington Center is a retail asset located in the San Diego market, encompassing a total area of 33,971 square feet. The property is currently leased to local tenants and has undergone a cash-out refinance transaction.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,600,000
- Address: Washington Center
- Market: San Diego
- Loan Type: Refinance
- Broker Representatives: James Mulvihill & Kevin Mulvihill - PSRS (Pacific Southwest Realty Services)
PSRS facilitated the refinancing process for Washington Center, employing a life insurance lender to retire existing debt and provide the borrower with the ability to extend the loan term. This refinancing arrangement allowed for increased financial flexibility for the borrower.
Players
Market Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.83%
Cash-on-Cash
-0.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93