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
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