facebook
Traded Co logo
Submit
Daily limit: 0/10

1295 University Family LP Purchases North Park Retail Property In San Diego For $1.9M

Property Image
SOLD
$1,900,000
Ross Sanchez
Nicholas (Nick) Totah
Nate Benedetto

California

See Similar Deals
Retail3,200 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

1295 University Family LP Purchases North Park Retail Property In San Diego For $1.9M

2884 University Avenue

See Similar Deals
Retail3,200 SF
Sold
Ross Sanchez
Nicholas (Nick) Totah
Nate Benedetto
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$593
Total Square Footage:3200 SF
Transaction Type:Sale

The sale involved a retail property located at 2884 University Avenue in San Diego. The asset type is classified as retail and spans a total of 3,200 square feet. The sale was completed at a price of $1,900,000, resulting in a price per square foot of $594.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $1,900,000
  • Address: 2884 University Avenue
  • Market: San Diego
  • Square Footage: 3,200
  • Price Per Square Foot: $594
  • Buyer: 1295 University Family LP
  • Seller: Carlos Partners LLC
  • Buyer's Representative: Nate Benedetto - Next Wave Commercial
  • Seller's Representatives: Nicholas Totah & Ross Sanchez - Marcus & Millichap

Marcus & Millichap facilitated the transaction, which concerns a single-tenant restaurant property currently occupied by Saiko Sushi. The tenant plans to vacate the premises when its lease expires in October, which will make the property available for lease.

Players

Nicholas (Nick) Totah
Marcus & Millichap
Nicholas Totah
20 deals$137.6M volume(858) 373-3159
BROKER
Ross Sanchez
Marcus & Millichap
Ross Sanchez
17 deals$123.6M volume
BROKER
Nate Benedetto
Next Wave Commercial
Nate Benedetto
1 deal$1.9M volume(619) 326-4400
BROKER

Details

SOLD
IMAGE: 07/30/2024 ADDRESS: 2884 University Avenue MARKET: San Diego ASSET TYPE: Retail BUYER: 1295 University Family LP SELLER: Carlos Partners LLC BUYER'S REP: Nate Benedetto - Next Wave Commercial SELLER'S REP: Nicholas Totah & Ross Sanchez - Marcus & Millichap SALE PRICE: $1,900,000 SF: 3,200 ~ PPSF: $594 NOTE: Marcus & Millichap facilitated the $1.9 million sale of North Park Retail, a single-tenant restaurant property in San Diego. Saiko Sushi, the tenant, plans to close when its lease expires in October, leaving the 3,200-square-foot property available for lease.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$101,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,750.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,006.97
Annual Debt Service$108,083.63