Anthem Real Estate Ventures Acquires Retail Property In San Diego For $2.5M
1139-1143 Sixth Avenue
$2,500,000
$515/SF
Building Size
4,850 SF
Asset Type
Retail
Closing
Mar 1, 2023
AI
Anthem Real Estate Ventures has acquired a retail property located at 1139-1143 6th Ave in San Diego. The property spans 4,850 square feet and was sold for $2,500,000, resulting in a price per square foot of $515. The transaction took place on January 3, 2023.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,500,000
- Address: 1139-1143 6th Ave
- Market: San Diego
- Buyer: Anthem Real Estate Ventures
- Seller: Aura Olive & Luis Lopez
- Brokers: Gino Kalasho & Austin Fellows - Commercial Asset Advisors
The deal was facilitated by Gino Kalasho and Austin Fellows, representing Commercial Asset Advisors. The property's sale marks a successful transaction for Anthem Real Estate Ventures, as they expand their portfolio in the San Diego market.
Players
San Diego 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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93