facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

California

/

Retail

/

Sale

/

341 North Second Street

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

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

Nicholas Totah

Marcus & Millichap

Broker

$137.6M

vol

20 deals

Broker

El Cajon Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

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