Updated Dec 4, 2024
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
About this deal
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.
On the Map
$4,275,000
$156/SF
Retail
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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