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

Property Image
SOLD
$34,300,000
Michael Peterson
Joel Wilson
+ 3

California

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Retail65,054 SF
Sold 09/03/2024
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Property Image
SOLD

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

4130 Oceanside Boulevard

See Similar Deals
Retail65,054 SF
Sold 09/03/2024
Michael Peterson
Joel Wilson
+ 3
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$527
Total Square Footage:65,054 SF
Transaction Type:Sale

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
16 deals$474.4M volume(949) 725-8507
BROKER

Michael Peterson
CBRE
14 deals$210.8M volume(858) 646-4749
BROKER

Reg Kobzi
CBRE
16 deals$220.4M volume
BROKER

Joel Wilson
CBRE
11 deals$165.1M volume(858) 546-4651
BROKER

James Tyrrell
CBRE
6 deals$147.6M volume(949) 725-8473
BROKER

Megan Lanni
CBRE
2 deals$57.8M volume(949) 725-8423
BROKER

Details

SOLD
IMAGE: James Tyrrell, Jimmy Slusher, Joel Wilson, Megan Lanni, Michael Peterson & Reg Kobzi DATE: 09/03/2024 ADDRESS: 4130 Oceanside Boulevard MARKET: Oceanside ASSET TYPE: Retail SELLER: A&C Properties BROKERS: James Tyrrell, Jimmy Slusher, Joel Wilson, Megan Lanni, Michael Peterson & Reg Kobzi - CBRE (@CBRE) SALE PRICE: $34,300,000 SF: 65,054 ~ PPSF: $527 NOTE: CBRE facilitated the $34.3 million sale of Plaza Rancho Del Oro, a 65,054-square-foot retail center in Oceanside, anchored by Albertsons and Planet Fitness. The center, which was 92% leased, also hosts tenants like Starbucks and Wells Fargo.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,829,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$121,860.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$162,599.50
Annual Debt Service$1,951,193.99