Updated Feb 5, 2025
Optimus Properties Acquires Retail Property In San Diego County For $5.2M With Janet Neman & Angelica Gotzev
9711 Mission Gorge Road, Santee, San Diego County, CA, USA
$5,200,000
$461/SF
Building Size
11,268 SF
Asset Type
Retail
Closing
May 19, 2020
About this deal
AI
An affiliate of Optimus Properties has purchased a retail property located at 9711 Mission Gorge Road, San Diego County. The transaction took place on May 19, 2021, with a sale price of $5,200,000. The property spans 11,268 square feet, resulting in a price per square foot of $461. The capitalization rate for the property is 5.84%.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $5,200,000
Janet Neman and Angelica Gotzev represented the buyer, Affiliate of Optimus Properties, in this transaction.
Players
Santee 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
3.05%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93