Updated Oct 28, 2024
Joselito Cruz Acquires Retail Property In San Diego For $9.45M
1001 West San Marcos Boulevard, San Marcos, California 92078, United States
$9,450,000
$332/SF
Building Size
28,451 SF
Asset Type
Retail
Closing
Mar 15, 2022
About this deal
AI
The property involved in this transaction is a retail asset located at 1001 W. San Marcos Blvd. in San Diego. The sale took place on 03/16/2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $9,450,000
- Square Footage: 28,451
- Price per Square Foot: $332
- Market: San Diego
The buyer in this transaction was Joselito Cruz, while the seller was R&V Management. The brokers involved were Daniel Tyner & Gleb Lvovich from JLL and Mike Moser from Retail Insite.
The retail sale at 1001 West San Marcos Boulevard, San Marcos, California 92078, United States in San Marcos, California sold for $9.5M in 2022. The building is 28,451 square feet, implying about 332 per square foot on the published price. Mike Moser, Gleb Lvovich, Daniel Tyner, Retail Insite appear on the sale alongside Retail Insite, JLL. This page is the San Marcos, California file for the 1001 West San Marcos Boulevard, San Marcos, California 92078, United States retail sold: pricing, party profiles, and other closed retail comps from the same San Marcos sit in the Market section below. Filter that San Marcos retail set by closing date to see what else sold near 1001 West San Marcos Boulevard, San Marcos, California 92078, United States around 2022. Published consideration for 1001 West San Marcos Boulevard, San Marcos, California 92078, United States is $9.5M, dated 2022. Cite this Joselito Cruz Acquires Retail Property In San Diego For $9.45M sale when underwriting similar retail product around San Marcos, California.
Players
San Marcos Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.68%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93