Gino Kalasho Of Commercial Asset Advisors Represents Buyer In $4.72M Retail Sale In San Diego
4360 Genesee Avenue
$4,719,000
$719/SF
Building Size
6,558 SF
Asset Type
Retail
Closing
Nov 21, 2024
AI
A 6,558-square-foot retail property located at 4360-4370 Genesee Avenue, San Diego, has been sold for $4,719,000. The asset, leased to Cotixan and Circle K, was sold at a 6% cap rate. The transaction highlights its positioning in a dynamic market.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,719,000
- Square Footage: 6,558
- Address: 4360-4370 Genesee Avenue
- Market: San Diego
- Price Per Square Foot: $720
- Buyer’s Representative: Gino Kalasho - Commercial Asset Advisors
- Seller’s Representative: Jon Busse - Colliers
The sale was facilitated by Commercial Asset Advisors, with Gino Kalasho representing the buyer, while Jon Busse represented the seller through Colliers International. The finalized transaction reflects collaboration between these key market players.
Players
San Diego 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
3.36%
Cash-on-Cash
-0.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93