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Private Investor Acquires Mixed-Use Property At 643-665 5th Avenue In San Diego For $12.5M
SOLD
California
See Similar DealsMixed-use17,365 SF
Sold 01/01/2026
SOLD
Private Investor Acquires Mixed-Use Property At 643-665 5th Avenue In San Diego For $12.5M
643 5th Avenue
See Similar DealsMixed-use17,365 SF
Sold 01/01/2026
Summary
CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$719
Total Square Footage:17,365 SF
Transaction Type:Sale
A private investor has acquired a mixed-use property located at 643-665 5th Avenue in San Diego’s Gaslamp Quarter. The property spans 17,365 square feet and was sold for $12.5 million, translating to approximately $720 per square foot.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $12,500,000
- Square Footage: 17,365
- Price per Square Foot: $720
- Seller: Terry S. Brown - Asana Partners
- Broker Representation: Jimmy Slusher, James Tyrrell & Michael Peterson - CBRE
- Date of Transaction: 01/01/2026
The sale was managed by CBRE brokers Jimmy Slusher, James Tyrrell, and Michael Peterson, representing the seller, a company affiliated with Asana Partners. The transaction price was noted to be 36% below the asset’s original listing price.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$666,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$44,409.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$59,256.38
Annual Debt Service$711,076.53
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