Charlie Kinstler Acquires Mixed-use Property In San Clemente, Orange County For $5.1M
SOLD
California
See Similar DealsMixed-use5,550 SF
Sold 05/20/2022
SOLD
Charlie Kinstler Acquires Mixed-use Property In San Clemente, Orange County For $5.1M
223 Avenida Del Mar, San Clemente, California 92672, United States
See Similar DealsMixed-use5,550 SF
Sold 05/20/2022
Summary
CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$922
Total Square Footage:5,550 SF
Transaction Type:Sale
Located at 223 Avenida Del Mar, in San Clemente, Orange County, this closed transaction involved a mixed-use property.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $5,117,000
- Square Footage: 5,550
- Price per Square Foot: $921
- Market: San Clemente, Orange County
Charlie Kinstler purchased the property from Alan Brodkin for a price of $5,117,000. The transaction was facilitated by brokers Connor Stevens & Chris Hodgman from Retail Insite.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$272,906.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,179.62
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,257.19
Annual Debt Service$291,086.29
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