La Maestra Family Clinic Acquires Retail Property On E. Main St. In El Cajon For $6.4M
SOLD
$6,400,000
California
See Similar DealsRetail22,694 SF
Sold 11/22/2021
SOLD
La Maestra Family Clinic Acquires Retail Property On E. Main St. In El Cajon For $6.4M
1242 East Main Street, El Cajon, CA, USA
See Similar DealsRetail22,694 SF
Sold 11/22/2021
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$282
Total Square Footage:22,694 SF
Transaction Type:Sale
The retail property located at 1242-1248 E. Main St. in El Cajon has been sold for a total price of $6,400,000. The property spans over an area of 22,694 square feet and is situated in the El Cajon market. The sale took place on November 22, 2021, with La Maestra Family Clinic as the buyer and Main Street Trust as the seller.
Summary of Transaction Details
- Property Type: Retail
- Transaction Amount: $6,400,000
- Address: 1242-1248 E. Main St.
- Market: El Cajon
- Square Footage: 22,694
Keith Edwards from Keller Williams Realty Metro represented La Maestra Family Clinic as their buyer's representative, while Mike Conger and Brian Jenkins from Commercial Asset Advisors served as the seller's representatives in the deal.
Please note that no additional information is available regarding financing, specific property attributes, or any other details related to the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$341,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,737.86
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,339.27
Annual Debt Service$364,071.18
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