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42 07 Northern Boulevard

42 07 Northern Boulevard
SOLDRetail

42 07 Northern Boulevard

42 07 Northern Boulevard

$8,750,000

Building Size

Asset Type

Retail

Closing

Jul 16, 2014

AI

The property asset involved in the transaction is a retail space located at 42 07 Northern Boulevard, situated in the San Diego market. The property was sold for $8,750,000.00.

Summary of transaction details:

This transaction was facilitated by Evan Daniel, who represented the brokerage firm Modern Spaces. The roles of the buyer and seller were crucial in completing this retail property sale in the San Diego market.

Players

Evan Daniel

Modern Spaces

Broker

$347.5M

vol

65 deals

Broker
Yaron Jacobi

Yaron Jacobi

Buyer

$138.6M

vol

10 deals

Buyer

Meryl Evans

Seller
Seller

San Diego 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

1.81%

Cash-on-Cash

-0.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93