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425 North Ash Street, Escon...

Updated Dec 19, 2023

Neema Ahadian Brokers Sale Of Retail Property In Escondido For $4.1M
SOLDRetail

Neema Ahadian Brokers Sale Of Retail Property In Escondido For $4.1M

425 North Ash Street, Escondido, CA, USA

$4,135,000

$296/SF

Building Size

13,969 SF

Asset Type

Retail

Closing

Dec 30, 2019

About this deal

AI

A retail property in Escondido, located at 415-425 North Ash Street, was recently sold for $4,135,000. The property, measuring 13,969 square feet, was purchased on December 31, 2019. It is known as the 99 Cent Store and is situated in the Escondido market. The price per square foot for this transaction was $296.01.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $4,135,000
  • Size: 13,969 square feet
  • Price per square foot: $296.01
  • Date: December 31, 2019
  • Location: 415-425 North Ash Street, Escondido

The transaction was facilitated by Neema Ahadian, a broker representing the buyer or seller.

Players

Neema Ahadian

Marcus & Millichap

Broker

$733M

vol

79 deals

Broker

Escondido Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $296 per square foot on a published $4.1M for 13,969 square feet (2019).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.84%

Cash-on-Cash

-1.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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