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4360 Genesee Avenue

Gino Kalasho Of Commercial Asset Advisors Represents Buyer In $4.72M Retail Sale In San Diego
SOLDRetail

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:

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

Jon Busse

Colliers

Broker

$11.7M

vol

2 deals

Broker

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