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4130 Oceanside Boulevard

A&C Properties Sells Plaza Rancho Del Oro Retail Center In Oceanside For $34.3M
SOLDRetail

A&C Properties Sells Plaza Rancho Del Oro Retail Center In Oceanside For $34.3M

4130 Oceanside Boulevard

$34,300,000

$527/SF

Building Size

65,054 SF

Asset Type

Retail

Closing

Sep 3, 2024

AI

The property involved in the transaction is a retail center located at 4130 Oceanside Boulevard in Oceanside. The asset, known as Plaza Rancho Del Oro, was sold for $34,300,000. It has a total square footage of 65,054 and the price per square foot is $527. The center is anchored by Albertsons and Planet Fitness, and was 92% leased at the time of the sale, featuring additional tenants like Starbucks and Wells Fargo.

Summary of transaction details:

CBRE facilitated the transaction, highlighting the involvement of multiple brokers in the deal. The team included James Tyrrell, Jimmy Slusher, Joel Wilson, Megan Lanni, Michael Peterson, and Reg Kobzi, each contributing to the successful sale of the retail center.

Players

Jimmy Slusher

CBRE

Broker

$474.4M

vol

16 deals

Broker

Oceanside 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

0.46%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93