Jennifer Hall Acquires Retail Property In Del Mar Hts, Carmel Valley For $27.8M
SOLD
$27,834,000
California
See Similar DealsRetail26,384 SF
Sold 12/21/2021
SOLD
Jennifer Hall Acquires Retail Property In Del Mar Hts, Carmel Valley For $27.8M
10435 Sorrento Valley Road, San Diego, California 92121, United States
See Similar DealsRetail26,384 SF
Sold 12/21/2021
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$1,055
Total Square Footage:26,384 SF
Transaction Type:Sale
Located at 10435 Sorrento Valley Road in Del Mar Hts, Carmel Valley, this retail property has been recently sold. The transaction took place on 12/21/2021, with a sale price of $27,834,000. The property spans 26,384 square feet, resulting in a price per square foot of $1,055.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $27,834,000
- Address: 10435 Sorrento Valley Road
- Market: Del Mar Hts, Carmel Valley
- Buyer: Jennifer Hall
- Seller: Keith Richter
- Brokers: Andrew Evans, Rahul Chhajed & Michael Moreno - Matthews Real Estate Investment Services
The buyer, Jennifer Hall, acquired the retail property from the seller, Keith Richter. The transaction was facilitated by the brokers Andrew Evans, Rahul Chhajed, and Michael Moreno of Matthews Real Estate Investment Services.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,484,479.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$98,888.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$131,947.36
Annual Debt Service$1,583,368.32
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