Updated Sep 9, 2024
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
About this deal
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.
On the Map
$2,550,000
$204/SF
Mixed-use
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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