Updated Oct 28, 2024
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
$6,400,000
$282/SF
Building Size
22,694 SF
Asset Type
Retail
Closing
Nov 22, 2021
About this deal
AI
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.
On the Map
$6,400,000
$282/SF
Retail
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El Cajon 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
2.48%
Cash-on-Cash
-0.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93