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244-246 North Coast Highway...

Adam Robinson's RAF Pacifica Group Acquires Mixed-Use Complex In Encinitas For $2.16M
SOLDMixed-use

Adam Robinson's RAF Pacifica Group Acquires Mixed-Use Complex In Encinitas For $2.16M

244-246 North Coast Highway 101, Encinitas, CA, USA

$2,162,000

$1,119/SF

Building Size

1,932 SF

Asset Type

Mixed-use

Closing

Jul 14, 2020

AI

A mixed-use complex located at 244-246 N. Coast Highway 101 in Encinitas, CA was recently sold for $2,162,000. The property, situated on a 5,709 square foot lot, consists of two structures with one office space and two retail spaces. With a total rentable space of 1,932 square feet, the complex offers a versatile mix of uses.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $2,162,000
  • Date: 07/14/2021
  • Market: Encinitas
  • Buyer: Adam Robinson - RAF Pacifica Group
  • Seller: Ryan Sproule - RGS Commercial
  • Broker: Angelo La Bruna -
  • Address: 244-246 N. Coast Highway 101, Encinitas, CA 92024
  • Square footage: 1,932
  • Price per square foot: $1,119

Angelo La Bruna, a Senior Investment Associate of Apartment Realty Group (ARG), represented both the buyer, Adam Robinson of RAF Pacifica Group, and the seller, Ryan Sproule of RGS Commercial, in this transaction.

Players

Angelo La Bruna

Apartment Realty Group (ARG)

Broker

$88.6M

vol

14 deals

Broker
Adam Robinson

Adam Robinson

Buyer

$131.9M

vol

6 deals

Buyer
R
RPG (RAF Pacifica Group)Buyer

Encinitas Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.34%

Cash-on-Cash

-2.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93