Faris Lee Investments Facilitates $5.88M Sale Of Starbucks And Pacific Dental In Oceanside
2158 Vista Way Oceanside, CA 92054, USA
$5,880,000
$1,176/SF
Building Size
5,000 SF
Asset Type
Retail
Closing
Jul 6, 2023
AI
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
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
2.70%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93