Alcatraz475 & Birch8330 LP Acquire Retail Property On Broadway In El Cajon For $8.2M
701 Broadway, El Cajon, California 92021, United States
$8,200,000
$322/SF
Building Size
25,460 SF
Asset Type
Retail
Closing
Feb 21, 2022
AI
The retail property located at 701-777 Broadway in El Cajon has been recently sold for $8,200,000. Spanning across 25,460 square feet, this transaction resulted in a price per square foot of $323. The sale took place on February 22, 2022, between the buyer, Alcatraz475 LP & Birch8330 LP, and the seller, Broadway Center Associates.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $8,200,000
- Address: 701-777 Broadway, El Cajon
- Market: El Cajon
- Square Footage: 25,460
The buyer was represented by Bing Udinsky from The Udinsky Group, while the seller was represented by Brian Crepeau & Vanessa Reza from Pacific Coast Commercial. This successful real estate deal showcases the expertise and negotiation skills of these parties involved.
Players
El Cajon 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
1.93%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93