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4620 Mission Bay Drive

Updated Dec 4, 2024

Lev Mizan & Seth Pite Of Infinity Investment Properties Complete $1.8M Retail Sale In San Diego
SOLDRetail

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

Lev Mizan

Infinity Investment Properties

Broker

$6.2M

vol

2 deals

Broker

San Diego Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $344 per square foot on a published $1.8M for 5,222 square feet (2024).

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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

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