LBX Investments Acquires Retail Asset From TRC Retail In San Diego For $34.88M
789 West Harbor Drive
$34,875,000
$472/SF
Building Size
73,823 SF
Asset Type
Retail
Closing
Aug 15, 2025
AI
The property asset involved in the transaction is located at 789 West Harbor Drive in the San Diego market. This retail asset is being sold for a price of $34,875,000, encompassing a total square footage of 73,823, resulting in a price per square foot of $472.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $34,875,000
- Buyer: LBX Investments
- Seller: TRC Retail
- Brokers: Gleb Lvovich, Geoff Tranchina & Daniel Tyner - JLL
The brokers involved in this transaction are Gleb Lvovich, Geoff Tranchina, and Daniel Tyner, representing the seller, TRC Retail, through JLL. Their roles were instrumental in facilitating the sale between LBX Investments and TRC Retail.
Players
San Diego Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93