Eiad & Vera H Family Trust Acquires Retail Property In Escondido For $6.2M
2315 East Valley Parkway
$6,200,000
$227/SF
Building Size
27,310 SF
Asset Type
Retail
Closing
Jun 11, 2024
AI
The Citrus Strip Center in Escondido, a 27,310-square-foot retail property located at 2315-41 East Valley Parkway, was acquired for $6.2 million by Eiad and Vera H Family Trust from Cavalier Investments. The property consists of 16 suites and two kiosks, housing a variety of businesses.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,200,000
- Market: Escondido
- Square Footage: 27,310
- Buyer: Eiad & Vera H Family Trust
- Seller: Cavalier Investments
- Broker: Nicholas Totah - Marcus & Millichap
Nicholas Totah of Marcus & Millichap facilitated the transaction between the buyer, Eiad and Vera H Family Trust, and the seller, Cavalier Investments, for the Citrus Strip Center. The sale of this retail property marks a significant deal in the Escondido market.
Escondido 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
2.56%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93