{"id":1004140266,"date":"2016-03-28T05:54:25","date_gmt":"2016-03-28T13:54:25","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004140266"},"modified":"2022-12-07T07:18:48","modified_gmt":"2022-12-07T15:18:48","slug":"san-diego-office-asset-acquired-following-successful-loan-measure","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/san-diego-office-asset-acquired-following-successful-loan-measure\/","title":{"rendered":"San Diego Office Asset Acquired Following Successful Loan Measure"},"content":{"rendered":"<p><em>By Alex Girda, Associate Editor<\/em><\/p>\n<p><strong>San Diego<\/strong>\u2013NorthMarq Capital has completed a <a href=\"https:\/\/www.commercialsearch.com\/news\/finance\/\" target=\"_blank\" rel=\"noopener\">financing process<\/a> for the acquisition of an upscale office building in the Scripps Ranch\/Poway submarket. Managing Director Eric Flyckt arranged a $31.5 million acquisition loan on behalf of the borrower, a company sponsored by the principals of Davlyn Investments. The measure was ensured through a relationship with a CMBS lender.<\/p>\n<div id=\"attachment_1004140316\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/Northridge-Summit.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004140316\" data-attachment-id=\"1004140316\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/san-diego-office-asset-acquired-following-successful-loan-measure\/northridge-summit\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/Northridge-Summit.jpg\" data-orig-size=\"480,356\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Northridge Summit\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Northridge Summit&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/Northridge-Summit.jpg?w=480\" class=\"wp-image-1004140316 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/Northridge-Summit.jpg\" alt=\"Northridge Summit\" width=\"300\" height=\"223\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/Northridge-Summit.jpg 480w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/Northridge-Summit.jpg?resize=300,223 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004140316\" class=\"wp-caption-text\">Northridge Summit<\/p><\/div>\n<p>Located at 12220 Scripps Summit in San Diego, the office building offers 129,916 square feet of space. Sitting on\u00a0a 6.4-acre site, the multi-tenant property mostly caters to creative tenants. Northridge Summit offers large, open, creative floor plates, the largest in its asset class. The property also features underground\u00a0parking with elevator access to each floor, as well as two loading docks and a storage area.<\/p>\n<p>Its position near the I-15 Corridor in an area that receives solid exposure, and features strong demographics. Roughly 250,000 people live on a five-mile radius of Northridge Summit, with an average household income of over $95,000.<\/p>\n<p>Buyer Davlyn Investments was formed in 1993, and has since focused on the acquisition, repositioning, management, and sale of residential and commercial assets across the state of California.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Northridge Summit office building mainly caters to creative office company. <\/p>\n","protected":false},"author":237,"featured_media":1004140316,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,21742,21747,1608,15],"tags":[],"class_list":["post-1004140266","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-latest","category-office","category-san-diego","category-west"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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