Updated Dec 19, 2023
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
About this deal
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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Deal FAQ
About $514 per square foot on a published $22.1M for 43,000 square feet (2020).
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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