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8530 La Mesa Boulevard, La ...

Family Health Care Centers Acquires Medical Office Building In La Mesa, CA For $8.4M
SOLD

Family Health Care Centers Acquires Medical Office Building In La Mesa, CA For $8.4M

8530 La Mesa Boulevard, La Mesa, California 91942, United States

$8,400,000

$336,000/SF

Building Size

25 SF

Asset Type

Closing

May 12, 2022

AI

Family Health Care Centers has purchased a medical office asset located at 8530 La Mesa Blvd in La Mesa, CA. The property has a total square footage of 25,916 and was sold by Magnolia Mar Properties for a price of $8,400,000, resulting in a price per square foot of $324.

Summary of transaction details

  • Property Type: Medical Office
  • Transaction Amount: $8,400,000
  • Address: 8530 La Mesa Blvd, La Mesa, CA
  • Market: La Mesa, CA

Kelly Moriarty & Chris Ross from JLL represented the buyer, Family Health Care Centers, in this transaction. The seller, Magnolia Mar Properties, was represented by Brian Crepeau & Ken Robak from Pacific Coast Commercial.

Players

Brian Crepeau

Pacific Coast Commercial

Broker

$33.2M

vol

4 deals

Broker
MP
Magnolia Mar PropertiesSeller

La Mesa CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.89%

Cash-on-Cash

-0.54%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93