Mission Day LLC Acquires Retail Property In San Diego For $8M With Voit Real Estate Services
4711 Mission Bay Dr, San Diego, CA, USA
$8,000,000
$1,438/SF
Building Size
5,563 SF
Asset Type
Retail
Closing
Aug 31, 2020
AI
The retail property located at 4711 Mission Bay Dr & 2804 Garnet Ave in San Diego has been sold for $8,000,000. The property spans across 5,563 square feet, resulting in a price per square foot of $1,438. The transaction took place on 09/01/2020 between the buyer, Mission Day LLC, and the seller, JR&C Harris.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $8,000,000
- Square Footage: 5,563
- Price per Square Foot: $1,438
- Market: San Diego
The deal was facilitated by the brokers Brandon Keith, Kipp Gstettenbauer, and Ryan King from Voit Real Estate Services, who represented the buyer and seller in the transaction. They played a pivotal role in ensuring a successful and smooth closing of the deal.
Players
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
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93