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End Dependence, LLC Acquires La Mesa Office Building For $3.9M

Property Image
SOLD
$3,900,000

California

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Office13,378 SF
Sold 01/29/2024
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Property Image
SOLD

End Dependence, LLC Acquires La Mesa Office Building For $3.9M

8911 La Mesa Boulevard

See Similar Deals
Office13,378 SF
Sold 01/29/2024
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Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$291
Total Square Footage:13,378 SF
Transaction Type:Sale

An office building located at 8911 La Mesa Boulevard in La Mesa has been sold for $3.9 million. The property spans 13,378 square feet, resulting in a price per square foot of $292.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $3,900,000
  • Address: 8911 La Mesa Boulevard
  • Market: La Mesa

The buyer, End Dependence, LLC, was represented by Matt Melendres and Ryan Foley from Colliers International. On the other side, Vince Provenzano from Pacific Coast Commercial acted as the seller's representative for 8911 Building, LLC.

Players

Vince Provenzano
2 deals$10M volume(760) 431-4212
BROKER

Matthew (Matt) Melendres
Colliers
2 deals$20.3M volume(858) 677-5390
BROKER

Ryan Foley
Colliers
3 deals$24.7M volume(760) 930-7924
BROKER

Details

SOLD
IMAGE: Ryan Foley, Matt Melendres & Vince Provenzano DATE: 01/29/2024 ADDRESS: 8911 La Mesa Boulevard MARKET: La Mesa ASSET TYPE: Office BUYER: End Dependence, LLC SELLER: 8911 Building, LLC SELLER'S REP: Vince Provenzano (@VinceProvenzano) - Pacific Coast Commercial (@PacificCoastCommercial) BROKERS: Matt Melendres (@MattMelendres) & Ryan Foley (@SD_Healthcare_Services) - Colliers International (@ColliersInternational) SALE PRICE: $3,900,000 SF: 13,378 ~ PPSF: $292 NOTE: A La Mesa office building at 8911 La Mesa Blvd. sold for $3.9 million to End Dependence, LLC, represented by Matt Melendres and Ryan Foley of Colliers International, with Vince Provenzano of Pacific Coast Commercial representing the seller, 8911 Building, LLC.

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

$208,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,855.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,487.99
Annual Debt Service$221,855.88