Updated Oct 28, 2024
Gershman Properties Acquires Retail Asset In San Diego From Brixton Capital For $11.4M
110 Fletcher Parkway, El Cajon, San Diego, CA, USA
$11,415,000
$951/SF
Building Size
11,996 SF
Asset Type
Retail
Closing
Dec 2, 2021
About this deal
AI
An $11,415,000 retail property located at 110 Fletcher Parkway in San Diego was recently sold. The property spans 11,996 square feet, resulting in a price per square foot of $951. The transaction took place on 12/02/2021 and involved the following parties:
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $11,415,000
- Market: San Diego
- Buyer: Gershman Properties
- Seller: Brixton Capital
- Brokers: Daniel Tyner & Gleb Lvovich - JLL
The deal was facilitated by Daniel Tyner and Gleb Lvovich from JLL, who represented both the buyer, Gershman Properties, and the seller, Brixton Capital. The transaction marks a significant sale in the San Diego market, showcasing the demand for retail assets in the area.
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
1.39%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93