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308-312 S Cedros Ave, Solan...

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

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

$10,900,000

$436/SF

Building Size

25,000 SF

Asset Type

Mixed-use

Closing

Feb 1, 2021

AI

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

Broker

$80.6M

vol

8 deals

Broker
FA
Fenway Capital AdvisorBuyer

Solana Beach 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

1.46%

Cash-on-Cash

-0.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93