Updated Oct 29, 2024
Protea Properties Acquires Mixed-Use Asset In San Diego For $47M
5920 Friars Rd, San Diego, CA, 92108
$47,000,000
Building Size
—
Asset Type
Mixed-use
Closing
Nov 22, 2023
About this deal
AI
The property involved in the transaction is a mixed-use asset located at 5920 Friars Rd, San Diego, CA, 92108. It was sold for $47,000,000.00 in the market of San Diego.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $47,000,000.00
- Seller's Representative: Randy LaChance (Voit Real Estate Services)
- Buyer: Protea Properties
Randy LaChance Sr. of Voit’s San Diego office represented the seller in the deal, while the buyer, Protea Properties, was self-represented.
The mixed use sale at 5920 Friars Rd, San Diego, CA, 92108 in San Diego, California sold for $47M in 2024. 5920 Friars Rd, San Diego, CA, 92108 is classified as Mixed Use on Traded. Randy LaChance, Voit Real Estate Services appear on the sale alongside Voit Real Estate Services. This page is the San Diego, California file for the 5920 Friars Rd, San Diego, CA, 92108 mixed use sold: pricing, party profiles, and other closed mixed use comps from the same San Diego sit in the Market section below. Filter that San Diego mixed use set by closing date to see what else sold near 5920 Friars Rd, San Diego, CA, 92108 around 2024. Published consideration for 5920 Friars Rd, San Diego, CA, 92108 is $47M, dated 2024. Cite this Protea Properties Acquires Mixed-Use Asset In San Diego For $47M sale when underwriting similar mixed use product around San Diego, California.
San Diego 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
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93