facebook
Traded Co logo
Submit
Daily limit: 0/10

Marcus & Millichap Sells Retail Property In El Cajon For $1.5M From Seller Two Squared LLC

Property Image
SOLD
$1,500,000
Ross Sanchez
Nicholas (Nick) Totah

California

See Similar Deals
Retail2,780 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

Marcus & Millichap Sells Retail Property In El Cajon For $1.5M From Seller Two Squared LLC

341 North Second Street

See Similar Deals
Retail2,780 SF
Sold
Ross Sanchez
Nicholas (Nick) Totah
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$539
Total Square Footage:2780 SF
Transaction Type:Sale

A fully leased retail property located at 341 North Second Street in El Cajon was sold for $1,500,000. The property encompasses a total area of 2,870 square feet, equating to a price per square foot of $540.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $1,500,000
  • Square Footage: 2,870
  • Price per Square Foot: $540
  • Seller: Two Squared LLC
  • Brokers: Nick Totah & Ross Sanchez - Marcus & Millichap
  • Market: El Cajon

Nick Totah and Ross Sanchez of Marcus & Millichap represented the seller, Two Squared LLC, in this transaction, showcasing their brokerage capabilities in the retail market. The deal reflects active engagement in the El Cajon area, indicative of ongoing interest in retail properties.

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

Details

SOLD
IMAGE: Ross Sanchez & Nick Totah DATE: 09/05/2024 ADDRESS: 341 North Second Street MARKET: El Cajon ASSET TYPE: Retail SELLER: Two Squared LLC BROKERS: Nick Totah (@Nick.Totah) & Ross Sanchez (@TheRozay) - Marcus & Millichap (@MarcusMillichapinc) SALE PRICE: $1,500,000 SF: 2,780 ~ PPSF: $540 NOTE: Marcus & Millichap brokered the $1.5M sale of a fully leased, 2,870-square-foot retail property in El Cajon. The seller, Two Squared LLC, was represented by Nick Totah and Ross Sanchez of Marcus & Millichap.

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)

$79,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,329.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,110.77
Annual Debt Service$85,329.18