Local Investors Acquire Property At 6015 Paseo Delicias In Rancho Santa Fe For $5.6M
6015 Paseo Delicias, San Diego, CA, 9...
$5,600,000
Building Size
—
Asset Type
Retail
Closing
Nov 19, 2023
AI
A commercial and retail building located at 6015 Paseo Delicias in Rancho Santa Fe, San Diego County, was sold for $5,600,000. The property was previously owned by the Francisco Family Partnership for 83 years. The asset is described as freestanding, and its square footage details are not provided.
Summary of transaction details:
- Property Type: Commercial and retail building
- Transaction Amount: $5,600,000.00
- Address: 6015 Paseo Delicias, San Diego, CA
- Market: Rancho Santa Fe
- Seller's Representative: Kevin Cuff, Brooks Campbell - Cushman & Wakefield
- Buyer: Undisclosed local investors
The transaction involved representation by Peter Curry, Brooks Campbell, and Kevin Cuff of Cushman & Wakefield, who acted on behalf of the seller. This highlights the key roles of the brokerage in this real estate deal.
Players
Rancho Santa Fe 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
2.83%
Cash-on-Cash
-0.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93