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8623 Spectrum Center Boulevard

Cal Coast Credit Union Sells Medical Office Building In San Diego For $5.3M With Voit Real Estate Services
SOLDMedical Office

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

Tim Cajka

Voit Real Estate Services

Broker

$5.3M

vol

1 deal

Broker
Voit Real Estate Services
Voit Real Estate ServicesBrokerage

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