Cal Coast Credit Union Sells Medical Office Building In San Diego For $5.3M With Voit Real Estate Services
8623 Spectrum Center Boulevard
$5,300,000
$662/SF
Building Size
8,000 SF
Asset Type
Medical Office
Closing
Aug 21, 2025
AI
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
San Diego Medical Office Market Snapshot
Boundary boundary · Medical Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.99%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93