Updated Oct 29, 2024
KB Home Coastal Acquires Retail Property In El Cajon From City Ventures Homebuilding LLC For $21.2M
300 El Cajon Blvd El Cajon, CA 92020, USA
$21,200,000
$602/SF
Building Size
35,200 SF
Asset Type
Retail
Closing
Jul 11, 2023
About this deal
AI
KB Home Coastal, represented by Jeffrey Mezger, has acquired a retail property in El Cajon, California, for $21.2 million from City Ventures Homebuilding LLC. The property, located at 300 El Cajon Boulevard, spans 35,200 square feet and is situated in the El Cajon market.
Summary of transaction details
- Property Type: Retail
- Sale Price: $21,200,000
- Square Footage: 35,200
- Address: 300 El Cajon Boulevard
- Market: El Cajon
The buyer, KB Home Coastal, was represented by Jeffrey Mezger in this transaction. The seller, City Ventures Homebuilding LLC, sold the property to KB Home Coastal. The deal was facilitated by Kidder Mathews.
It is worth noting that the retail property is strategically located just 15 miles east of San Diego.
On the Map
$21,200,000
$602/SF
Retail
View full map
Players
Los Angeles Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
About $602 per square foot on a published $21.2M for 35,200 square feet (2023).
Visit Jeffrey Mezger to view all their deals.
Browse Los Angeles retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.75%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93