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2158 Vista Way Oceanside, C...

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

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

Chris DePierro

Broker

$83.7M

vol

6 deals

Broker

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