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Jewell Capital Acquires El Cerrito Retail Property For $22.5M

Property Image
SOLD
$22,500,000
Tim Kuruzar
Eric Kathrein
Bryan Ley

California

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Retail64,270 SF
Sold 07/09/2020
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Property Image
SOLD

Jewell Capital Acquires El Cerrito Retail Property For $22.5M

11511 San Pablo Ave, El Cerrito, CA 94530, USA

See Similar Deals
Retail64,270 SF
Sold 07/09/2020
Tim Kuruzar
Eric Kathrein
Bryan Ley
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$350
Total Square Footage:64,270 SF
Transaction Type:Sale

Jewell Capital has acquired a retail property located at 11511-11565 San Pablo Ave in El Cerrito. The property was sold by RBL Real Estate for a transaction amount of $22,500,000. The asset encompasses a total area of 64,270 square feet, resulting in a price per square foot (PPSF) of $350.

Summary of Transaction Details

  • Property Type: Retail
  • Transaction Amount: $22,500,000
  • Address: 11511-11565 San Pablo Ave, El Cerrito
  • Market: El Cerrito
  • Square Footage: 64,270
  • Price per Square Foot (PPSF): $350

The deal was facilitated by JLL, with the buyer represented by Eric Kathrein, Tim Kuruzar, Bryan Ley, and Jake Dempsey from JLL.

Players

Eric Kathrein
JLL
Eric Kathrein
20 deals$800.3M volume(415) 510-6961
BROKER
Tim Kuruzar
NorthMarq
Tim Kuruzar
13 deals$280.7M volume(424) 401-9203
BROKER
Bryan Ley
NorthMarq
Bryan Ley
21 deals$732.6M volume
BROKER
JC
Jewell Capital
BUYER
RE
RBL Real Estate
SELLER

Details

SOLD
IMAGE: IMAGE: Eric Kathrein, Tim Kuruzar & Bryan Ley DATE: 07/09/2020 ADDRESS: 11511-11565 San Pablo Ave MARKET: El Cerrito ASSET TYPE: Retail PRICE: $22,500,000 SF: 64,270 PPSF: $350 BUYER: Jewell Capital SELLER: RBL Real Estate BROKERS: Eric Kathrein, Tim Kuruzar, Bryan Ley & Jake Dempsey – JLL

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,200,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$79,937.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$106,661.48
Annual Debt Service$1,279,937.75