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Lev Memo
Harbor Point Plaza, San Diego, CA/Untitled
jared@westfieldcap.com
WC

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Acquisition Financing OM — Harbor Point Plaza
AL
MR
PN
+2

Westfield Capital

2025

Harbor Point Plaza

San Diego, CA

$15M · Loan Request

Multifamily · Asset Type

Confidential Offering Memorandum

+
1

Westfield Capital

Executive Summary

Investment Overview

Premier multifamily acquisition opportunity in San Diego, CA. Strategic positioning with proven tenant demand and significant value-add potential.

01

$15M

Loan Amount

02

65%

LTV Ratio

03

24 Mo

Term

04

8.50%

Interest Rate

05

1.35x

DSCR

06

9.2%

Yield

2

Harbor Point Plaza

San Diego, CA

Westfield Capital

Property

Property Details

Well-maintained multifamily asset with recent capital improvements and strong tenant occupancy in a premier coastal submarket.

Building Size42,500 SF
Year Built1985 / Renovated 2019
Occupancy87%
Lot Size1.2 Acres
ZoningC-2 Commercial
3

Westfield Capital

Financials

Pro Forma Summary

01

$520K

Gross Revenue

02

$135K

Operating Expenses

03

$385K

Net Operating Income

04

$285K

Debt Service

05

$100K

Cash Flow

06

6.5%

Cap Rate

65%

LTV

1.35x

DSCR

9.2%

Yield

4

Westfield Capital

Market

Market Analysis

San Diego, CA

01Vacancy Rate4.2%
02Rent Growth YoY+3.8%
03Market Cap Rate6.5%

Source: CoStar, Q4 2024

Key Insight

Submarket vacancy at a 10-year low with sustained rent growth, positioning this asset for continued outperformance.

5

Westfield Capital

2025

Harbor Point Plaza

San Diego, CA

$15M · Loan Request

Multifamily · Asset Type

Confidential Offering Memorandum

+

Warm Coral

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Acquisition Financing OM — Harbor Point Plaza
AL
MR
PN
+2

Westfield Capital

2025

San Diego, CA

$15M · Loan Request

Multifamily · Asset Type

Confidential Offering Memorandum

+
Harbor Point Plazza
Ava Lin
Marco Reyes
CommentsShow resolved
Today
MR
Marco ReyesToday, 10:45 AM

@Priya Nair Where did you find this photo?

PN
Priya NairToday, 11:01 AM

@Marco We got it from our trip out to the property site @Elena Park right?

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