Updated Sep 29, 2026
Nuveen Acquires Retail Asset In San Luis Obispo From First Washington Realty For $58.2M
3900 Broad Street
$58,200,000
$333/SF
Building Size
174,428 SF
Asset Type
Retail
Closing
Sep 25, 2026
About this deal
AI
The retail asset located at 3900 Broad Street in San Luis Obispo has been sold for a transaction amount of $58,200,000. The property encompasses a total area of 174,428 square feet, resulting in a price per square foot of $333.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $58,200,000
- Address: 3900 Broad Street
- Market: San Luis Obispo
- Asset Size: 174,428 SF
- Price Per Square Foot: $333
- Buyer: Nuveen
- Seller: First Washington Realty
- Broker Representatives: Gleb Lvovich, Geoff Tranchina, Daniel Tyner & Eric Kathrein - JLL
The transaction involved key stakeholders, including the buyer Nuveen and the seller First Washington Realty. The brokerage team representing the deal consisted of Gleb Lvovich, Geoff Tranchina, Daniel Tyner, and Eric Kathrein from JLL.
On the Map
$58,200,000
$333/SF
Retail
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Players
San Luis Obispo 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
0.27%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93