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Yerken Tenizbayev Acquires La Mesa Office Building For $2.85M

Property Image
SOLD
$2,850,000

California

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Office11 SF
Sold 01/18/2023
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Property Image
SOLD

Yerken Tenizbayev Acquires La Mesa Office Building For $2.85M

7474 El Cajon Blvd. La Mesa, CA 91942, USA

See Similar Deals
Office11 SF
Sold 01/18/2023
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Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$259,090
Total Square Footage:11 SF
Transaction Type:Sale

The office property located at 7474 El Cajon Blvd in La Mesa has been sold. The transaction took place on January 18, 2023. The property, spanning 11,880 square feet, was sold for a total price of $2,850,000, resulting in a price per square foot of $240. The buyer of the property is Yerken Tenizbayev, while the seller is the Salazar Family Trust.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $2,850,000
  • Market: La Mesa
  • Buyer: Yerken Tenizbayev
  • Seller: Salazar Family Trust

The deal was facilitated by the commercial asset advisors Roc Beas & Mike Conger, who represented both parties in the transaction. The expertise and guidance provided by Roc Beas & Mike Conger were instrumental in the successful completion of the deal between Yerken Tenizbayev and the Salazar Family Trust.

Players

Mike Conger
4 deals$22.7M volume
BROKER

Details

SOLD
IMAGE: Roc Beas & Mike Conger DATE: 01/18/2023 ADDRESS: 7474 El Cajon Blvd MARKET: La Mesa ASSET TYPE: Office BUYER: Yerken Tenizbayev SELLER: Salazar Family Trust BROKERS: Roc Beas & Mike Conger - Commercial Asset Advisors (@CAA_CRE) SALE PRICE: $2,850,000 SF: 11,880 ~ PPSF: $240

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

$151,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,125.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,510.45
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