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218 East Grand Avenue

Elijah Rosenberg Acquires Mixed-Use Property In Escondido For $2.55M
SOLDMixed-use

Elijah Rosenberg Acquires Mixed-Use Property In Escondido For $2.55M

218 East Grand Avenue

$2,550,000

$204/SF

Building Size

12,469 SF

Asset Type

Mixed-use

Closing

Jan 9, 2023

AI

The mixed-use property located at 218 East Grand Avenue in Escondido has been sold in a recent transaction. The property spans a total area of 12,469 square feet and comprises a combination of residential and commercial units. The sale price for this transaction was $2,550,000, resulting in a price per square foot of $205. The property was listed with an asking price of $2,600,000.

Summary of Transaction Details

  • Property Type: Mixed-use
  • Sale Price: $2,550,000
  • Square Footage: 12,469
  • Asking Price: $2,600,000

Elijah Rosenberg acted as the buyer for this transaction, while Justin Matsushita was the seller. Representing the buyer, Jake Plewa from Remax Commercial and Taksa Investment Group played a crucial role. Joel Wilson from CBRE represented the seller. Both buyer and seller were able to reach an agreement on the sale of the property.

Players

Jake Plewa

Re/Max

Broker

$78.8M

vol

17 deals

Broker

Elijah Rosenberg

Buyer

$17.2M

vol

5 deals

Buyer

Escondido 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

6.22%

Cash-on-Cash

-1.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93