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
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