Joshua Joseph & Brad Kraus Acquires Retail In Oceanside For $19.8M
SOLD
$19,800,000
California
See Similar DealsRetail88,923 SF
Sold 07/08/2021
SOLD
Joshua Joseph & Brad Kraus Acquires Retail In Oceanside For $19.8M
3905 Mission Avenue, Oceanside, CA, USA
See Similar DealsRetail88,923 SF
Sold 07/08/2021
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$222
Total Square Footage:88,923 SF
Transaction Type:Sale
Located in Oceanside, the retail property at 3905-3935 Mission Avenue was recently sold for $19,800,000. With a total square footage of 88,923, the property was sold at a price per square foot of $222, reflecting a 5.40% cap rate. The transaction took place on July 8th, 2021.
Summary of transaction details:
- Property Type: Retail
- Sale Price: $19,800,000
- Square Footage: 88,923
- Price per Square Foot: $222
- Cap Rate: 5.40%
- Date: July 8th, 2021
- Market: Oceanside
Representing the buyer and seller in this transaction were Joshua Joseph from James Capital Advisors, serving as the broker, and Brad Kraus, also from James Capital Advisors, acting as the mortgage broker.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,056,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$70,345.22
Cash-on-Cash Return-1.27%
Monthly Debt Service$93,862.10
Annual Debt Service$1,126,345.22
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