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Gino Kalasho Of Commercial Asset Advisors Represents Buyer In $4.72M Retail Sale In San Diego
SOLD
$4,719,000
California
See Similar DealsRetail6,558 SF
Sold
SOLD
Gino Kalasho Of Commercial Asset Advisors Represents Buyer In $4.72M Retail Sale In San Diego
4360 Genesee Avenue
See Similar DealsRetail6,558 SF
Sold
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$719
Total Square Footage:6558 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$251,680.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,765.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,370.47
Annual Debt Service$268,445.61
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