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2655 South Melrose Drive

Nouretsu Investments LLC And Tetrad Investments LLC Acquire Retail Buildings In Vista For $5.3M
SOLDRetail

Nouretsu Investments LLC And Tetrad Investments LLC Acquire Retail Buildings In Vista For $5.3M

2655 South Melrose Drive

$5,300,000

Building Size

Asset Type

Retail

Closing

Mar 31, 2025

AI

Two single-tenant retail buildings located at 2655-2665 South Melrose Drive in Vista were sold for a combined price of $5,300,000. The buyer, Nouretsu Investments LLC, acquired the Dutch Bros Coffee site for $2,700,000, while Tetrad Investments LLC purchased the Wendy’s property for $2,600,000.

Summary of transaction details:

This transaction involved Sandy Sigal representing NewMark Merrill South, who sold the properties. The deal saw Jason Ehrenpreis representing Nouretsu Investments and Kevin Barry representing Tetrad Investments in their respective acquisitions of the retail sites.

Players

Patrick Luther

SRS Real Estate Partners

Broker

$949.3M

vol

62 deals

Broker

Sandy Sigal

Seller

$32.8M

vol

5 deals

Seller

Vista 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

2.99%

Cash-on-Cash

-0.86%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93