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CEG Capital Partners Acquires 53,294 SF Retail Center In San Diego For $23 Million
SOLD
$23,000,000
California
See Similar DealsRetail53,294 SF
Sold 10/22/2025
SOLD
CEG Capital Partners Acquires 53,294 SF Retail Center In San Diego For $23 Million
5487 Clairemont Mesa Boulevard
See Similar DealsRetail53,294 SF
Sold 10/22/2025
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$431
Total Square Footage:53,294 SF
Transaction Type:Sale
The retail asset involved in the transaction is located at 5487-5597 Clairemont Mesa Boulevard in San Diego. CEG Capital Partners acquired the property from The Shops at Madison Place LLC for $23 million. The asset spans 53,294 square feet and was approximately 93% leased at the time of sale, translating to a price per square foot of $432.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $23,000,000
- Address: 5487-5597 Clairemont Mesa Boulevard
- Market: San Diego
- Square Footage: 53,294
- Price Per Square Foot: $432
- Buyer: CEG Capital Partners
- Seller: The Shops at Madison Place LLC
- Brokers: Reg Kobzi, Rachel Parsons & Michael Peterson - CBRE
CBRE's brokers Reg Kobzi, Rachel Parsons, and Michael Peterson represented the seller in this transaction, facilitating the sale process for The Shops at Madison Place LLC.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,226,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$81,714.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$109,031.73
Annual Debt Service$1,308,380.81
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