Albertsons Retail Condo In San Diego Sold For $22.1M With Buyer's Rep Alvin Mansour & Kevin Mansour - Marcus & Millichap And Seller's Rep Pasquale Ioele & Michael Burton - Flocke & Avoyer
655 14th St, San Diego, CA 92101, USA
$22,100,000
$514/SF
Building Size
43,000 SF
Asset Type
Retail
Closing
May 14, 2020
AI
An Alberstons retail condo located at 655 14th St in San Diego has been sold in a closed transaction. The property, totaling 43,000 square feet, was sold for a price of $22,100,000, resulting in a price per square foot of $513.
Summary of transaction details:
- Property Type: Retail condo
- Transaction Amount: $22,100,000
- Address: 655 14th St
- Market: San Diego
The deal was facilitated by Alvin Mansour and Kevin Mansour of Marcus & Millichap, along with Pasquale Ioele and Michael Burton of Flocke & Avoyer. These brokers represented the respective parties involved in the transaction.
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
0.72%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93