Updated Oct 29, 2024
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
About this deal
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.
On the Map
$22,500,000
$350/SF
Retail
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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