Updated Dec 4, 2024
Tierra Mia Coffee Acquires Retail Property From Jetlink For $3.68M In Oceanside
1420 Mission Avenue
$3,680,000
Building Size
—
Asset Type
Retail
Closing
Apr 4, 2024
About this deal
AI
The retail property located at 1420 Mission Avenue in Oceanside, CA, was recently involved in a sale transaction. The property spans a land size of 34,253 square feet with a building size of 3,348 square feet. The sale price for this asset was $3,680,000, translating to a price per square foot of $107 for the land and $1,099 for the building.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $3,680,000
- Buyer: Tierra Mia Coffee
- Seller: Jetlink International
- Brokers: Connor Stevens & Jack Avarello - Retail Insite
Connor Stevens and Jack Avarello from Retail Insite represented both the buyer, Tierra Mia Coffee, and the seller, Jetlink International, in this property transaction at 1420 Mission Avenue. The deal was successfully executed with a purchase price that reflects the market value of the retail asset in Oceanside, CA.
On the Map
$3,680,000
Retail
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Players
Oceanside 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
4.31%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93