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7474 El Cajon Blvd. La Mesa...

Yerken Tenizbayev Acquires La Mesa Office Building For $2.85M
SOLDOffice

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.

Players

Mike Conger

Commercial Asset Advisors

Broker

$22.7M

vol

4 deals

Broker

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