Updated Jun 10, 2026
SOLDRetail
Burggraf Family Trust Purchases Retail Property In Santee California For $3.7 Million
8781 Cuyamaca Street & 9822 Buena Vista Avenue
$3,700,000
Building Size
—
Asset Type
Retail
Closing
Jun 3, 2026
About this deal
AI
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.
On the Map
$3,700,000
Retail
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Players
Santa 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
4.29%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93