SHIRAZ USCD

MEDICAL CENTER

  • Acquired land, entitled project on UCSD medical campus

  •  Sold property to UC Board of Regents

  • One of the largest per SF deals in San Diego history

  • Note that 1033 exchange (eminent domain) was negotiated as part of the sale which includes a property tax savings which is factored into the IRR

  • Additionally, the IRR does not include the 1033 exchange benefits of deferring $2.2 million in tax for 3 years

  • Please note that Badiee's personal return was substantially higher

Property Features

Location

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SO THAT YOU CAN. 2020