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Faris Lee Investments Facilitates $5.88M Sale Of Starbucks And Pacific Dental In Oceanside

Property Image
SOLD
$5,880,000
Shaun Riley
Scott DeYoung
Jeff Conover
+ 2

California

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Retail5,000 SF
Sold 07/06/2023
the dealplayerscompscontact
Property Image
SOLD

Faris Lee Investments Facilitates $5.88M Sale Of Starbucks And Pacific Dental In Oceanside

2158 Vista Way Oceanside, CA 92054, USA

See Similar Deals
Retail5,000 SF
Sold 07/06/2023
Shaun Riley
Scott DeYoung
Jeff Conover
+ 2
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$1,176
Total Square Footage:5,000 SF
Transaction Type:Sale

A newly built Starbucks and Pacific Dental property located at 2158 Vista Way in Oceanside has been sold for $5.88 million, with a price per square foot of $1,176. The property is part of the retail sector in the Oceanside market.

Summary of transaction details:

  • Property Type: Retail
  • Sale Price: $5,880,000
  • Square Footage: 5,000
  • Price per Square Foot: $1,176
  • Address: 2158 Vista Way
  • Market: Oceanside

The sale was facilitated by Shaun Riley, Scott DeYoung, Sr, Chris DePierro, Jeff Conover, and Don MacLellan from Faris Lee Investments. Acting as project managers, Faris Lee Investments played a crucial role in meeting the buyer's timeline requirements. The buyer, an all-cash investor from Los Angeles County, utilized a 1031 exchange for the transaction.

Players

Chris DePierro
Chris DePierro
6 deals$83.7M volume
BROKER
Jeff Conover
Faris Lee Investments
Jeff Conover
28 deals$346M volume
BROKER
Don MacLellan
Faris Lee Investments
Don MacLellan
15 deals$256.5M volume
BROKER
Scott DeYoung
Scott DeYoung
25 deals$311.2M volume(949) 221-1835
BROKER
Shaun Riley
Faris Lee Investments
Shaun Riley
11 deals$120.9M volume
BROKER

Details

SOLD
IMAGE: Shaun Riley, Chris DePierro, Jeff Conover, Don MacLellan & Scott DeYoung, Sr DATE: 07/06/2023 ADDRESS: 2158 Vista Way MARKET: Oceanside ASSET TYPE: Retail BROKERS: Shaun Riley, Scott DeYoung, Sr, Chris DePierro, Jeff Conover & Don MacLellan - Faris Lee Investments SALE PRICE: $5,880,000 SF: 5,000 ~ PPSF: $1,176 NOTE: Faris Lee Investments closed the pre-sale of a newly built Starbucks and Pacific Dental property in Oceanside for $5.88 million, with a cap rate of 4.99%. The all-cash buyer from Los Angeles County used a 1031 exchange, and Faris Lee Investments acted as a project manager to meet the buyer's timeline requirements.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$313,600.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$20,890.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,874.20
Annual Debt Service$334,490.40