Marcus & Millichap Sells Retail Property In El Cajon For $1.5M From Seller Two Squared LLC
341 North Second Street
$1,500,000
$539/SF
Building Size
2,780 SF
Asset Type
Retail
Closing
Sep 5, 2024
AI
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
El Cajon 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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93