Updated Dec 21, 2023
Jennifer Hall Acquires Retail Property In Del Mar Hts, Carmel Valley For $27.8M
10435 Sorrento Valley Road, San Diego, California 92121, United States
$27,834,000
$1,055/SF
Building Size
26,384 SF
Asset Type
Retail
Closing
Dec 20, 2021
About this deal
AI
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.
On the Map
$27,834,000
$1,055/SF
Retail
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Players
San Diego 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
0.57%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93