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
Solana Beach 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
1.46%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93