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940 South Santa Fe Avenue

SK Vista LLC Acquires Former Vons Supermarket Building In Vista For $4.3M
SOLDRetail

SK Vista LLC Acquires Former Vons Supermarket Building In Vista For $4.3M

940 South Santa Fe Avenue

$4,275,000

$156/SF

Building Size

27,300 SF

Asset Type

Retail

Closing

Oct 30, 2023

AI

A former Vons supermarket building located at 940 South Santa Fe Avenue in Vista, near San Diego, has been sold for $4,275,000. The property spans 27,300 square feet, resulting in a price per square foot of $157. The transaction took place on October 30, 2023, and involved a specialty Indian grocery store as the intended use.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $4,275,000
  • Square Footage: 27,300
  • Price Per Square Foot: $157
  • Address: 940 South Santa Fe Avenue
  • Market: Vista

SK Vista LLC acquired the former Vons supermarket building from Albertsons Inc, with Vivek Sankaran representing the seller. The deal was facilitated by Mike Moser from Retail Insite. The purchase of the property marks the company's plan to convert it into a specialty Indian grocery store.

Players

Mike Moser

Retail Insite

Broker

$859.2M

vol

5 deals

Broker

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

3.71%

Cash-on-Cash

-1.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93