Summary
CALIFORNIA
Asset Type:Retail
Transaction Type:Sale
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:
- Property Type: Retail
- Transaction Amount: $8,750,000.00
- Buyer: Yaron Jacobi
- Seller: Meryl Evans
- Brokers: Evan Daniel (Modern Spaces)
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
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$466,666.68
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$31,086.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$41,479.46
Annual Debt Service$497,753.57
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