Updated Oct 29, 2024
Beta Agency Acquires CVS Pharmacy In San Diego For $5.8M
14589 Camino del Norte San Diego, CA 92128, USA
$5,798,529
$341/SF
Building Size
16,972 SF
Asset Type
Retail
Closing
May 12, 2023
About this deal
AI
Beta Agency, a top commercial real estate brokerage firm, recently sealed the deal on a high-profile CVS pharmacy in San Diego. The property, located at 14589 Camino Del Norte, spans across 2.59 acres of retail space. It was sold by Tian Ren Di, LLC for a total price of $5,798,529. The CVS pharmacy has a total square footage of 16,972, resulting in a price per square foot of $342.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,798,529
- Address: 14589 Camino Del Norte, San Diego
- Market: San Diego
- Size: 2.59 acres
- Square Footage: 16,972
- Price per Square Foot: $342
The buyer's representative in this transaction was Adam Friedlander from Beta Agency. Connor Olandt, representing Matthews Real Estate Investment Services, acted as the seller's representative. Together, they facilitated the successful sale of the CVS pharmacy property.
Players
Los Angeles 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
2.74%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93