Space Investment Partners Acquires Retail Property In Encinitas For $26M
162 South Rancho Santa Fe Road
$26,000,000
$429/SF
Building Size
60,492 SF
Asset Type
Retail
Closing
Nov 2, 2023
AI
The retail property located at 162 South Rancho Santa Fe Road in Encinitas has been sold for $26,000,000. This property spans a total of 60,492 square feet, resulting in a price per square foot of $430.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $26,000,000
- Address: 162 South Rancho Santa Fe Road, Encinitas
- Market: Encinitas
The buyer of this retail property is Space Investment Partners, represented by Ryan Gallagher. The seller is West Village. The broker involved in this transaction is Mike Moser from Retail Insite.
Players
Encinitas 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
0.61%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93