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Aria Estates LLC Acquires Office Building From Trouble Free Group LLC For $2.19M In La Mesa

Property Image
SOLD
$2,188,000

California

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Office9,904 SF
Sold 11/05/2024
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Property Image
SOLD

Aria Estates LLC Acquires Office Building From Trouble Free Group LLC For $2.19M In La Mesa

7317 El Cajon Boulevard

See Similar Deals
Office9,904 SF
Sold 11/05/2024
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$220
Total Square Footage:9,904 SF
Transaction Type:Sale

An owner-user acquired a 9,904 SF office building located at 7317 El Cajon Boulevard in La Mesa, CA, for $2.19M. The property, within the local market, presents a value-add opportunity for the buyer. The sale price translates to approximately $221 per square foot.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $2,188,000
  • Buyer: Aria Estates LLC
  • Seller: Trouble Free Group, LLC
  • Broker: Roc Beas - Commercial Asset Advisors
  • Square Footage: 9,904
  • Price per Square Foot: $221
  • Market: La Mesa

This transaction was facilitated by broker Roc Beas from Commercial Asset Advisors, reflecting the strategic intentions of the buyer to occupy part of the property. The seller, Trouble Free Group, LLC, is positioned for a potential 1031 Exchange following the sale.

Players

Roc Beas
Commercial Asset Advisors
Roc Beas
1 deal$2.2M volume(858) 360-3000
BROKER

Details

SOLD
IMAGE: Roc Beas DATE: 11/05/2024 ADDRESS: 7317 El Cajon Boulevard MARKET: La Mesa ASSET TYPE: Office BUYER: Aria Estates LLC SELLER: Trouble Free Group, LLC BROKER: Roc Beas (@RocBeas) - Commercial Asset Advisors (@CAA_CRE) SALE PRICE: $2,188,000 SF: 9,904 ~ PPSF: $221 NOTE: An owner-user acquired a 9,904 SF office building on El Cajon Blvd in La Mesa, CA, for $2.19M, intending to occupy part of the property. Represented by Commercial Asset Advisors, the sale provides the buyer with a value-add opportunity while positioning the seller, Trouble Free Group, LLC, for a potential 1031 Exchange.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$116,693.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,773.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,372.24
Annual Debt Service$124,466.84