SOLDMixed-use
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
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.
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