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Sunroad Enterprises secured $82m refinancing for San Diego office property
Transactions - MAY 22, 2024

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Sunroad Enterprises secured $82m refinancing for San Diego office property

by RELEASED

Sunroad Enterprises announced that it secured $82.46 million in refinancing for Sunroad Centrum Office Tower, an 11-story, class A office building totaling 274,758 square feet in San Diego.

JLL worked on behalf of the borrower to secure the five-year, fixed-rate senior loan through Goldman Sachs.

Originally built in 2008, Sunroad Centrum Office Tower was previously 100 percent occupied by Bridgepoint Education, who vacated in 2020 per their lease maturity. At completion, Sunroad Enterprises invested $30.02 million ($110 per square foot) in tenant improvements and leasing commission to re-tenant the building, and at closing the building was 100 percent leased. The new rent roll includes A Berkshire Hathaway Company (12.4 percent of RSF), Kyocera (4.0 percent of RSF), Appfolio (9.2 percent of RSF), Conam (5.4 percent of RSF), Veterans Administration (43.7 percent of RSF), California Government Departments (16.2 percent of RSF) and Sunroad’s Corporate Headquarters. Cred

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