Yerken Tenizbayev Acquires La Mesa Office Building For $2.85M
7474 El Cajon Blvd. La Mesa, CA 91942, USA
$2,850,000
$259,090/SF
Building Size
11 SF
Asset Type
Office
Closing
Jan 18, 2023
AI
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.
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
5.57%
Cash-on-Cash
-1.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93