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789 West Harbor Drive

LBX Investments Acquires Retail Asset From TRC Retail In San Diego For $34.88M
SOLDRetail

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:

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

Daniel Tyner

JLL

Broker

$2.1B

vol

64 deals

Broker
JLL
JLLBrokerage
LBX Investments
LBX InvestmentsBuyer

San Diego 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

0.45%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93