Point Loma Mixed-Use Shopping Center
Recently Closed
$2,190,000
Description
- Purchase Price of $2,190,000 /// 5.2% CAP Rate //// 6.4% ProForma Cap Rate
- +/-10,000 Square Foot Building ($220/SqFt)
- 10,448 Square Foot Lot Size ($219/SqFt)
- 10 Different Sources of Income
- 8 Retail & Office Units, 1 Apartment, 1 Cell Tower
- Signalized Corner of Chatsworth & Voltaire Street
- 9 Onsite Parking Spaces
- Located Across the Street from Point Loma High School
- Most Tenants were on Month to Month Lease Agreements at Close of Escrow
- All Cash, Quick Close of Escrow
- No Loan, No Appraisal, No Phase 1 Environmental Contingencies
- Off Market Opportunity, Very Easy Transaction without Headaches
- The Franco Realty Group Represented the Buyer of the Real Estate