CBRE Brokers $3.9M Sale Of San Diego Restaurant Property To Private Buyer
16785 Bernardo Center Drive
$3,900,000
$437/SF
Building Size
8,915 SF
Asset Type
Retail
Closing
Oct 12, 2023
AI
The San Diego restaurant property located at 16785 Bernardo Center has been sold in a transaction brokered by CBRE. The 8,915-square-foot building was purchased for $3.9 million by a private buyer, with plans to open Sapphire Indian restaurant at the location.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,900,000
- Square Footage: 8,915
- Address: 16785 Bernardo Center, San Diego
- Market: San Diego
Congratulations to the Kim Family Trust, who sold the property, and the buyer's representative, AGAS Real Estate, for their involvement in the deal. CBRE's representatives, Reg Kobzi, Michael Peterson, and Joel Wilson, played a key role in facilitating the transaction.
Players
San Diego 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
4.07%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93