Torrey Heights
A mixed-use property in San Diego, California. Securitized in 1 CMBS deal in 2026.
$723.4MAppraised value (latest deal)
100.0%Occupancy
$39.6MUnderwritten NOI
5.5%Implied cap rate
- Address
- 11202-11214 El Camino Real, San Diego, CA 92130
- Property type
- Mixed Use · Lab/Office
- Year built
- 2023-2024
- Size
- 520,604 SF
- Sponsor
- Breakthrough Properties Income Portfolio, L.P.
- Loan purpose
- Refinance
- Largest tenant
- Pfizer
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BANK5 2026-5YR20 | 2026-02-09 | $723.4M | 100.0% | $39.6M | 5.5% | $42.0M | 50.7% | 2.11x | 424B |
Historical NOI reported in BANK5 2026-5YR20
| Period ending | NOI |
|---|---|
| 10/31/2025 | $9.1M |
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%.