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Cal Coast Credit Union Sells Medical Office Building In San Diego For $5.3M With Voit Real Estate Services
SOLD
$5,300,000
California
See Similar DealsMedical Office8,000 SF
Sold 08/21/2025
SOLD
Cal Coast Credit Union Sells Medical Office Building In San Diego For $5.3M With Voit Real Estate Services
8623 Spectrum Center Boulevard
See Similar DealsMedical Office8,000 SF
Sold 08/21/2025
Summary
CALIFORNIA
Asset Type:Medical Office
Price Per Square Foot:$662
Total Square Footage:8,000 SF
Transaction Type:Sale
A medical office building located at 8623 Spectrum Center Boulevard in San Diego was sold for $5,300,000. The property encompasses 8,000 square feet, resulting in a price per square foot of $663. This transaction occurred in the San Diego market.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $5,300,000
- Square Footage: 8,000
- Price per Square Foot: $663
- Seller: Todd Lane - California Coast Credit Union
- Brokers: Tim Cajka & Myles Martinez - Voit Real Estate Services
- Market: San Diego
Voit Real Estate Services facilitated the transaction, representing the local buyer in the sale. Todd Lane from California Coast Credit Union served as the seller in this deal.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$282,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,829.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,124.70
Annual Debt Service$301,496.45
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