Lincoln Avenue Capital Acquires Senior Housing Asset For $47 Million In San Diego From ARKA Properties And Black Equities
6888 Golfcrest Drive
$47,000,000
$473/SF
Building Size
99,317 SF
Asset Type
Senior Housing
Closing
Feb 11, 2026
AI
The asset involved in this transaction is a senior housing property located at 6888 Golfcrest Drive in the San Diego market. The sale price for the property was $47,000,000, with a total square footage of 99,317, resulting in a price per square foot of $473.
Summary of transaction details:
- Property Type: Senior Housing
- Transaction Amount: $47,000,000
- Address: 6888 Golfcrest Drive
- Market: San Diego
- Square Footage: 99,317
- Price Per Square Foot: $473
- Buyer: Lincoln Avenue Capital
- Seller: ARKA Properties & Black Equities
- Seller's Representative: Alex Mogharebi, Otto Ozen, Jordan Pakzad & Shawn Bolour - The Mogharebi Group
The deal was facilitated by The Mogharebi Group, which represented the sellers ARKA Properties and Black Equities. The transaction involved key individuals including Alex Mogharebi, Otto Ozen, Jordan Pakzad, and Shawn Bolour, who played crucial roles in the completion of this deal.
Players
San Diego Senior Housing Market Snapshot
Boundary boundary · Senior Housing · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93