Kleege Enterprises Acquires Del Mar Retail Property For $19.5M
2770 Via De La Valle,Del Mar, CA & 2840 Via De La Valle,Del Mar, CA
$19,500,000
Building Size
—
Asset Type
Retail
Closing
Nov 23, 2022
AI
The retail property at 2770 & 2840 Via De La Valle in Del Mar, CA has been sold for $19,500,000. The transaction took place on November 23, 2022. The property spans an area of 3.24 acres and is located in the Del Mar market.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $19,500,000
- Address: 2770 & 2840 Via De La Valle, Del Mar, CA
- Market: Del Mar, CA
- Acreage: 3.24 acres
The buyer of the property is Kleege Enterprises, while P&G Enterprises acted as the seller. The deal was facilitated by Mike Moser from Retail Insite, representing the buyer in the transaction.
Players
Del Mar Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.81%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93