Anthem Real Estate Ventures Acquires Retail Property In San Diego For $2.5M
SOLD
$2,500,000
California
See Similar DealsRetail4,850 SF
Sold
SOLD
Anthem Real Estate Ventures Acquires Retail Property In San Diego For $2.5M
1139-1143 Sixth Avenue
See Similar DealsRetail4,850 SF
Sold
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$515
Total Square Footage:4850 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$133,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,881.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,851.28
Annual Debt Service$142,215.31
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