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Corner Properties Sells Starbucks-Leased Retail Property In San Diego For $1.7M With CBRE Rep
SOLD
California
See Similar DealsRetail1,730 SF
Sold 07/10/2025
SOLD
Corner Properties Sells Starbucks-Leased Retail Property In San Diego For $1.7M With CBRE Rep
3352 Adams Avenue
See Similar DealsRetail1,730 SF
Sold 07/10/2025
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$982
Total Square Footage:1,730 SF
Transaction Type:Sale
A Starbucks-leased retail property located at 3352 Adams Avenue in San Diego was sold for $1.7 million. The property comprises 1,730 square feet, resulting in a price per square foot of $983.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,700,000
- Address: 3352 Adams Avenue
- Market: San Diego
- Asset Size: 1,730 SF
- Price per Square Foot: $983
- Seller: Corner Properties
- Buyer’s Representative: Andrew Slade - CIRE Partners
- Seller’s Representatives: Reg Kobzi, Joel Wilson & Michael Peterson - CBRE
Corner Properties executed the sale of this retail asset, with CBRE facilitating the transaction for the seller through Reg Kobzi, Joel Wilson, and Michael Peterson, while Andrew Slade of CIRE Partners represented the buyer, 3352 Adams LLC.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$90,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,039.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,058.87
Annual Debt Service$96,706.41
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