Updated Dec 4, 2024
End Dependence, LLC Acquires La Mesa Office Building For $3.9M
8911 La Mesa Boulevard
$3,900,000
$291/SF
Building Size
13,378 SF
Asset Type
Office
Closing
Jan 29, 2024
About this deal
AI
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.
On the Map
$3,900,000
$291/SF
Office
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.07%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93