Jewell Capital Acquires El Cerrito Retail Property For $22.5M
11511 San Pablo Ave, El Cerrito, CA 94530, USA
$22,500,000
$350/SF
Building Size
64,270 SF
Asset Type
Retail
Closing
Jul 8, 2020
AI
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
El Cerrito 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
0.71%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93