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191 N El Camino Real, Encin...

Updated Oct 29, 2024

Capstone Realty Advisors Acquires Retail Property In Encinitas For $12.2M
SOLDRetail

Capstone Realty Advisors Acquires Retail Property In Encinitas For $12.2M

191 N El Camino Real, Encinitas, CA...

$12,200,000

$435/SF

Building Size

28,037 SF

Asset Type

Retail

Closing

Jun 6, 2019

About this deal

AI

The retail property located at 191 N El Camino Real in Encinitas, California has been acquired by Capstone Realty Advisors. The asset, known as El Camino Square, was sold by US Financial LP for a total of $12.2 million. The property spans 28,037 square feet of retail space and features tenants such as T-Mobile, Salon Bella Bella, Golden State Bagels, and Chiltonic.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $12,200,000.00
  • Address: 191 N El Camino Real, Encinitas, CA
  • Market: Encinitas
  • Buyer: Capstone Realty Advisors
  • Square Footage: 28,037
  • Buyer's Representatives: Kirk Allison(Agency not specified), Vic Gausepohl(Colliers International)
  • Seller: US Financial LP

Vic Gausepohl and Kirk Allison from Colliers International San Diego Region served as the buyer's representatives in the acquisition of El Camino Square. The seller, US Financial LP, was self-represented in the deal. Gausepohl and Allison have also been appointed to handle the leasing responsibilities for the property.

Players

Kirk Allison

Broker

$12.2M

vol

1 deal

Broker

Encinitas Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $435 per square foot on a published $12.2M for 28,037 square feet (2019).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.30%

Cash-on-Cash

-0.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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