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1420 Mission Avenue

Tierra Mia Coffee Acquires Retail Property From Jetlink For $3.68M In Oceanside
SOLDRetail

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

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:

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.

Players

Connor Stevens

Retail Insite

Broker

$8.8M

vol

2 deals

Broker

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