CEG Capital Partners Acquires Linda Vista Retail Property In San Diego For $10.5M
7604 Linda Vista Road, San Diego, California 92111, United States
$10,500,000
$413/SF
Building Size
25,409 SF
Asset Type
Retail
Closing
Oct 6, 2022
AI
The retail property located at 7604-7608 & 7612 Linda Vista in San Diego has been sold for a price of $10,500,000. The property spans a total square footage of 25,409, resulting in a price per square foot of $413. The transaction took place on October 7, 2022. The property was sold by M.C. Square & AFJR Partnership and purchased by CEG Capital Partners.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $10,500,000
- Square Footage: 25,409
- Price per Square Foot: $413
- Market: San Diego
The deal was facilitated by the following brokers: Marc Posthumus and Evan McDonald from Colliers, and Byram Frost from Big Block Realty.
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
1.51%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93