Marcus & Millichap Sells Retail Property In Golden Triangle, San Diego For $6.2M

Located in the Golden Triangle area of San Diego, the retail property at 6780 Miramar Rd has recently been sold in a closed transaction. The property, spanning approximately 24,273 square feet, was sold for a total price of $6,200,000, resulting in a price per square foot of $255. With a cap rate of 6.46%, this transaction demonstrates the value and profitability of the retail asset.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $6,200,000
• Square Footage: 24,273
• Price per Square Foot: $255
• Cap Rate: 6.46%

The sale of this retail property was facilitated by Nick M. Totah and Greg Farris, representing Marcus & Millichap. Their expertise and negotiation skills played a crucial role in ensuring a successful closed transaction for both the buyer and seller involved. The involvement of these brokers highlights their commitment to providing exceptional service and achieving favorable outcomes for their clients in the real estate market.