Protea Properties Acquires Mixed-Use Asset In San Diego For $47M
SOLD
$47,000,000
California
See Similar DealsMixed-use
SOLD
Protea Properties Acquires Mixed-Use Asset In San Diego For $47M
5920 Friars Rd, San Diego, CA, 92108
See Similar DealsMixed-use
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:
- 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.
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Deal Type
30 years
10 years
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
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