Aria Estates LLC Acquires Office Building From Trouble Free Group LLC For $2.19M In La Mesa
7317 El Cajon Boulevard
$2,188,000
$220/SF
Building Size
9,904 SF
Asset Type
Office
Closing
Nov 5, 2024
AI
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.
La Mesa Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.25%
Cash-on-Cash
-2.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93