OneSource Funding LLC Acquires Mixed-Use Property In San Diego For $4.7M From Gaslamp Portfolio Management 2 LLC
764 5th Avenue
$4,700,000
$470/SF
Building Size
10,000 SF
Asset Type
Mixed-use
Closing
Mar 11, 2025
AI
The property asset involved in this transaction is a mixed-use building located at 764 5th Avenue in San Diego. The sale was finalized for a total price of $4,700,000.00, encompassing a square footage of 10,000.0. This transaction marks a significant exchange in the San Diego property market.
Summary of transation details:
- Property Type: Mixed-use
- Transaction Amount: $4,700,000.00
- Address: 764 5th Avenue
- Market: San Diego
- Square Footage: 10,000.0
- Buyer: OneSource Funding LLC
- Seller: Gaslamp Portfolio Management 2 LLC
- Broker Representatives: Bradley Peters - Marcus & Millichap, Ben Tashakorian - Marcus & Millichap, Ali Valiahdi - Marcus & Millichap
The key individuals involved in this transaction are the buyer, OneSource Funding LLC, and the seller, Gaslamp Portfolio Management 2 LLC. The deal was facilitated by broker representatives from Marcus & Millichap, specifically Bradley Peters, Ben Tashakorian, and Ali Valiahdi, who played integral roles in the transaction process.
Players
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
3.38%
Cash-on-Cash
-0.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93