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1111 6th Avenue

Salwan Komo Acquires Mixed-Use Property In San Diego For $7.85M
SOLDMixed-use

Salwan Komo Acquires Mixed-Use Property In San Diego For $7.85M

1111 6th Avenue

$7,850,000

$111/SF

Building Size

70,602 SF

Asset Type

Mixed-use

Closing

Mar 25, 2024

AI

The mixed-use property located at 1111 6th Avenue in San Diego was successfully transacted for $7,850,000. The asset encompasses a total of 70,602 square feet, resulting in a price per square foot of $111. The sale, which took place on 03/25/2024, involved the buyer, Salwan Komo, and the seller, Bill Bennett. The transaction was facilitated by brokers Nicholas Totah and Ross Sanchez from Marcus & Millichap.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $7,850,000
  • Address: 1111 6th Avenue
  • Market: San Diego
  • SF: 70,602
  • PPSF: $111
  • Buyer: Salwan Komo
  • Seller: Bill Bennett
  • Brokers: Nicholas Totah & Ross Sanchez - Marcus & Millichap

The transaction at 1111 6th Avenue in San Diego involved key individuals such as Salwan Komo, the buyer, and Bill Bennett, the seller. The brokerage team that played a pivotal role in the deal included Nicholas Totah and Ross Sanchez from Marcus & Millichap, illustrating their expertise in facilitating successful property transactions.

Players

Nicholas Totah

Marcus & Millichap

Broker

$137.6M

vol

20 deals

Broker

San Diego Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.02%

Cash-on-Cash

-0.58%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93