Lowe And Real Capital Solutions Acquire Westfield Mission Valley Retail Center For $290M
1640 Camino Del Rio N San Diego, CA 92108, USA
$290,000,000
$263/SF
Building Size
1,100,000 SF
Asset Type
Retail
Closing
Jul 21, 2023
AI
Located at 1640 Camino Del Rio North in San Diego, the Westfield Mission Valley retail center has been sold by Unibail-Rodamco-Westfield to Lowe and Real Capital Solutions for a total of $290,000,000. This retail property spans over 41 acres and offers a total square footage of 1,100,000. The purchase price per square foot is $264.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $290,000,000
- Address: 1640 Camino Del Rio North
- Market: San Diego
- Acres: 41
Lowe and Real Capital Solutions aim to transform the Westfield Mission Valley retail center into a mixed-use village, incorporating refreshed retail spaces and additional residential components. The project's vision includes creating inviting public spaces, introducing unique local restaurants, and providing entertainment options for individuals of all ages.
Players
Los Angeles Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.05%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93