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Protea Properties Acquires Mixed-Use Asset In San Diego For $47M

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SOLD
$47,000,000

California

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SOLD

Protea Properties Acquires Mixed-Use Asset In San Diego For $47M

5920 Friars Rd, San Diego, CA, 92108

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Mixed-use
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Summary

CALIFORNIA
Asset Type:Mixed-use
Transaction Type:Sale

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:

Randy LaChance Sr. of Voit’s San Diego office represented the seller in the deal, while the buyer, Protea Properties, was self-represented.

Players

Randy LaChance
4 deals$103.7M volume
BROKER

Details

SOLD
IMAGE: 5920 Friars Rd, San Diego, CA, 92108 MARKET: San Diego ASSET TYPE: Mixed-use SELLER'S REP: Randy LaChance(Voit Real Estate Services) BUYER: Protea Properties PRICE: $47,000,000.00

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,506,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$166,981.07
Cash-on-Cash Return-1.27%
Monthly Debt Service$222,803.98
Annual Debt Service$2,673,647.74