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

Property Image
SOLD
$1,800,000

California

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Retail5,222 SF
Sold 09/09/2024
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Property Image
SOLD

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

4620 Mission Bay Drive

See Similar Deals
Retail5,222 SF
Sold 09/09/2024
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Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$344
Total Square Footage:5,222 SF
Transaction Type:Sale

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
2 deals$6.2M volume(619) 888-5343
BROKER

Seth Pite
Infinity Investment Properties
1 deal$1.8M volume(858) 997-5472
BROKER

Details

SOLD
IMAGE: Lev Mizan & Seth Pite DATE: 09/09/2024 ADDRESS: 4620 Mission Bay Drive MARKET: San Diego ASSET TYPE: Retail BROKERS: Lev Mizan (@Lev_Mizan) & Seth Pite (@PittyPite) - Infinity Investment Properties (@InfinityInvestmentProperties) SALE PRICE: $1,800,000 SF: 5,222 ~ PPSF: $344 ESCROW TERMS: 14 day escrow and all-cash transaction.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$96,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,395.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,532.92
Annual Debt Service$102,395.02