facebook
Traded Co logo
Submit

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

Property Image
SOLD
$8,400,000

California

See Similar Deals
25 SF
Sold 05/12/2022
the dealplayerscompscontact
Property Image
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

See Similar Deals
25 SF
Sold 05/12/2022
Contact now

Summary

CALIFORNIA
Price Per Square Foot:$336,000
Total Square Footage:25 SF
Transaction Type:Sale

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
4 deals$33.2M volume
BROKER

SELLER

Details

SOLD
IMAGE: Kelly Moriarty & Chris Ross DATE: 12/05/2022 ADDRESS: 8530 La Mesa Blvd MARKET: La Mesa, CA ASSET TYPE: Medical Office BUYER: Family Health Care Centers (@FHCCGLA) SELLER: Magnolia Mar Properties BUYER'S REP: Kelly Moriarty & Chris Ross - JLL (@JLL) SELLER'S REP: Brian Crepeau & Ken Robak - Pacific Coast Commercial (@PacificCoastCommercial) SALE PRICE: $8,400,000 SF: 25,916 ~ PPSF: $324

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$448,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$29,843.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$39,820.29
Annual Debt Service$477,843.43