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3352 Adams Avenue

Corner Properties Sells Starbucks-Leased Retail Property In San Diego For $1.7M With CBRE Rep
SOLDRetail

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

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.

Players

Michael Peterson

CBRE

Broker

$214.5M

vol

15 deals

Broker
CBRE
CBREBrokerage

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