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Fenway Capital Advisor Acquires Mixed-Use Property On S Cedros Ave In Solana Beach For $10.9M

Property Image
SOLD
$10,900,000
Peter Curry
Kevin Cuff
Brooks Campbell
+ 1

California

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Mixed-use25,000 SF
Sold 02/02/2021
the dealplayerscompscontact
Property Image
SOLD

Fenway Capital Advisor Acquires Mixed-Use Property On S Cedros Ave In Solana Beach For $10.9M

308-312 S Cedros Ave, Solana Beach, CA, USA

See Similar Deals
Mixed-use25,000 SF
Sold 02/02/2021
Peter Curry
Kevin Cuff
Brooks Campbell
+ 1
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$436
Total Square Footage:25,000 SF
Transaction Type:Sale

Located at 308-312 S Cedros Ave. in Solana Beach, this mixed-use property recently changed hands in a closed transaction. The property spans 25,000 square feet, with a sale price of $10,900,000, resulting in a price per square foot of $436.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $10,900,000
  • Market: Solana Beach
  • Buyer: Fenway Capital Advisor
  • Seller: Hensarlanjud LLC

Representing the buyer in this deal were Peter Curry, Kevin Cuff, and Brooks Campbell from Cushman & Wakefield. The seller was represented by Carl Turnbull from The Turnbull Company.

Players

Brooks Campbell
Cushman & Wakefield
Brooks Campbell
8 deals$80.6M volume(760) 431-4215
BROKER
Peter Curry
Cushman & Wakefield
Peter Curry
16 deals$186.1M volume
BROKER
Kevin Cuff
Cushman & Wakefield
Kevin Cuff
4 deals$23.9M volume
BROKER
CT
Carl Turnbull
1 deal$10.9M volume(858) 775-5564
BROKER
FA
Fenway Capital Advisor
BUYER

Details

SOLD
IMAGE: Larry Jackel, Peter Curry, Kevin Cuff & Brooks Campbell DATE: 02/02/2021 ADDRESS: 308-312 S Cedros Ave. MARKET: Solana Beach ASSET TYPE: Mixed-use BUYER: Fenway Capital Advisor SELLER: Hensarlanjud LLC BUYER’S REP: Peter Curry, Kevin Cuff & Brooks Campbell - Cushman & Wakefield SELLER’S REP: Carl Turnbull - The Turnbull Company SALE PRICE: $10,900,000 SF: 25,000 ~ PPSF: $436

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Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$38,725.41
Cash-on-Cash Return-1.27%
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