CEG Capital Partners Acquires Linda Vista Retail Property In San Diego For $10.5M
SOLD
$10,500,000
California
See Similar DealsRetail25,409 SF
Sold 10/07/2022
SOLD
CEG Capital Partners Acquires Linda Vista Retail Property In San Diego For $10.5M
7604 Linda Vista Road, San Diego, California 92111, United States
See Similar DealsRetail25,409 SF
Sold 10/07/2022
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$413
Total Square Footage:25,409 SF
Transaction Type:Sale
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
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$559,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$37,304.29
Cash-on-Cash Return-1.27%
Monthly Debt Service$49,775.36
Annual Debt Service$597,304.28
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