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
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.
Players
San Marcos Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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