Updated Dec 4, 2024
Lev Mizan & Seth Pite Of Infinity Investment Properties Complete $1.8M Retail Sale In San Diego
4620 Mission Bay Drive
$1,800,000
$344/SF
Building Size
5,222 SF
Asset Type
Retail
Closing
Sep 9, 2024
About this deal
AI
The property asset involved in the transaction is a retail space located at 4620 Mission Bay Drive in the San Diego market. It was sold for a price of $1,800,000 and encompasses a total area of 5,222 square feet, amounting to a price per square foot of $344. The transaction was conducted as an all-cash deal with a 14-day escrow period.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,800,000
- Square Footage: 5,222
- Price per Square Foot: $344
- Address: 4620 Mission Bay Drive
- Market: San Diego
- Escrow Terms: 14-day escrow and all-cash transaction
Lev Mizan and Seth Pite from Infinity Investment Properties represented the parties involved in this retail transaction, facilitating the process and ensuring compliance with the escrow terms stipulated for this deal.
Players
San Diego Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Lev Mizan to view all their deals.
Browse San Diego retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93