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
Encinitas 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
7.34%
Cash-on-Cash
-2.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93