9360-9390 Towne Centre Drive
A mixed-use property in San Diego, California. Securitized in 2 CMBS deals in 2024.
$141.0MAppraised value (latest deal)
65.6%Occupancy
$4.9MUnderwritten NOI
3.5%Implied cap rate
- Address
- 9360-9390 Towne Centre Drive, San Diego, CA 92121
- Property type
- Mixed Use · Lab/Office
- Year built
- 1990
- Size
- 147,577 SF
- Sponsor
- BioMed Realty, L.P.
- Loan purpose
- Refinance
- Largest tenant
- Poseida Therapeutics
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BBCMS 2024-5C29 | 2024-09-18 | $141.0M | 65.6% | $4.9M | 3.5% | $2.8M | 50.1% | 2.34x | 424B |
| WFCM 2024-5C2 | 2024-11-19 | $141.0M | 65.6% | $4.9M | 3.5% | $1.5M | 50.1% | 2.34x | 424B |
Historical NOI reported in WFCM 2024-5C2
| Period ending | NOI |
|---|---|
| 3/31/2024 | $6.1M |
| 12/31/2023 | $6.0M |
| 12/31/2022 | $7.9M |
More CMBS properties in California →
Figures are read from Annex A-1 of the trust's SEC prospectus as of the deal's cut-off date. Parsing can misread a cell; the prospectus link is the authoritative source. Implied cap rate = underwritten NOI ÷ appraised value, shown only between 2% and 20%.