Updated Jul 11, 2025
Corner Properties Sells Starbucks-Leased Retail Property In San Diego For $1.7M With CBRE Rep
3352 Adams Avenue
$1,700,000
$982/SF
Building Size
1,730 SF
Asset Type
Retail
Closing
Jul 10, 2025
About this deal
AI
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.
On the Map
$1,700,000
$982/SF
Retail
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Players
San Diego 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
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93