Updated May 12, 2025
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
About this deal
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:
- Property Type: Retail
- Transaction Amount: $5,300,000
- Buyer: Nouretsu Investments LLC & Tetrad Investments LLC
- Seller: Sandy Sigal - NewMark Merrill South
- Buyer's Representative: Jason Ehrenpreis - CBM1; Kevin Barry - Irish Commercial
- Seller's Representative: Patrick Luther - SRS Real Estate Partners
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.
On the Map
$5,300,000
Retail
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Players
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