Updated Sep 23, 2026
SOLDRetail
Mike Dallo Of Dallo Enterprises Acquires Retail Property In El Cajon For $17.5M
1043-1055 & 1073-1099 E Main Street, El Cajon, Ca 92021
$17,500,000
$232/SF
Building Size
75,225 SF
Asset Type
Retail
Closing
Aug 21, 2026
About this deal
AI
The property asset involved in this transaction is a retail space located at 1043-1055 & 1073-1099 East Main Street in El Cajon, CA. The sale price of the asset was $17,500,000, encompassing a total square footage of 75,225. The price per square foot stands at $232.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $17,500,000
- Address: 1043-1055 & 1073-1099 East Main Street
- Market: El Cajon, CA
- Buyer: Mike Dallo - Dallo Enterprises
- Seller: DPI Retail
- Buyer's Representative: Anthony Acosta, CCIM & Rob Bloom - Duhs Commercial
- Seller's Representative: Patrick Toomey - Institutional Property Advisors
- Square Footage: 75,225
- Price per Square Foot: $232
The transaction was facilitated by key individuals in the commercial real estate sector, with Anthony Acosta and Rob Bloom representing the buyer, Dallo Enterprises. The seller, DPI Retail, was represented by Patrick Toomey from Institutional Property Advisors, showcasing a structured agreement between the involved parties.
Players
El Cajon 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
0.91%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93