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712 E 18th St, National Cit...

WestPro Plumbing Acquires Mixed-Use Asset In National City For $1.6M
SOLDMixed-use

WestPro Plumbing Acquires Mixed-Use Asset In National City For $1.6M

712 E 18th St, National City, CA, 91950

$1,600,000

$258/SF

Building Size

6,200 SF

Asset Type

Mixed-use

Closing

Nov 22, 2023

AI

The retail and warehouse property located at 712 E 18th St, National City, CA, 91950 has been sold in a transaction where WestPro Plumbing acquired the asset from Gary R Kitagawa Family Trust for $1.6 million. The building spans 6,200 square feet and sits on a 13,500 square foot parcel. Built in 1986, the property boasts 15-foot roll-up doors, 14 parking spaces, and a fenced loading and storage area.

Summary of transation details:

  • Property Type: Mixed-use
  • Transaction Amount: $1,600,000.00
  • Market: National City
  • Buyer: WestPro Plumbing
  • Seller: Gary R Kitagawa Family Trust
  • Buyer's Representative: Ronald (Ron) Bement (Newmark)
  • Seller's Representative: Will Holder (Colliers International)
  • SF: 6200

Chris Holder, Will Holder, and Mark Lewkowitz of Colliers represented the seller, while Ron Bement of Newmark Knight Frank represented the buyer in the transaction for the retail and warehouse property in National City. The deal was successfully facilitated between the parties involved in acquiring and selling the property.

Players

Will Holder

Colliers

Broker

$12M

vol

5 deals

Broker
FT
Family TrustSeller

National City 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

9.91%

Cash-on-Cash

-2.83%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93