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Burggraf Family Trust Purchases Retail Property In Santee California For $3.7 Million
SOLD
$3,700,000
+ 1
California
See Similar DealsRetail
Sold 06/03/2026
SOLD
Burggraf Family Trust Purchases Retail Property In Santee California For $3.7 Million
8781 Cuyamaca Street & 9822 Buena Vista Avenue
See Similar DealsRetail
Sold 06/03/2026
+ 1
Summary
CALIFORNIA
Asset Type:Retail
Transaction Type:Sale
Calgary Development sold a 16,390-square-foot, 90%-leased retail property located at 8781 Cuyamaca Street and 9822 Buena Vista Avenue in Santee, California, to Burggraf Family Trust for $3.7 million.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,700,000
- Square Footage: 16,390
- Price Per Square Foot: $226
- Buyer: Burggraf Family Trust
- Seller: Calgary Development
- Buyer's Representative: William Strocco Jr. - St. Rocco Properties
- Seller's Representatives: Reg Kobzi, Michael Peterson & Lane Robertson - CBRE
- Market: Santee, CA
The deal, arranged by CBRE brokers Reg Kobzi, Michael Peterson, and Lane Robertson, highlights the ongoing demand from investors for stabilized neighborhood retail assets, showcasing the interest in such properties in the market.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$197,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,145.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,539.89
Annual Debt Service$210,478.65
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