Updated Aug 19, 2026
Southern California Family Trust Acquires Caliber Collision Retail Property For $5.24M In Chula Vista
742 Main Street
$5,240,000
$311/SF
Building Size
16,832 SF
Asset Type
Retail
Closing
Aug 17, 2026
About this deal
AI
The asset involved in this transaction is a newly built retail property located at 742 Main Street in Chula Vista, CA. The sale price of the property was $5,240,000, and it features a total square footage of 16,832, resulting in a price per square foot of $311.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,240,000
- Square Footage: 16,832
- Address: 742 Main Street
- Market: Chula Vista, CA
- Cap Rate: Above 5.5%
- Lease: 15 years under a corporate-guaranteed absolute NNN lease
Matthew Mousavi, Patrick Luther, and Greg Labarre represented the transaction through SRS Real Estate Partners. The property was purchased by a Southern California family trust from a local developer.
Players
Chula Vista 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
3.03%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93