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End Dependence, LLC Acquires La Mesa Office Building For $3.9M
SOLD
California
See Similar DealsOffice13,378 SF
Sold 01/29/2024
SOLD
End Dependence, LLC Acquires La Mesa Office Building For $3.9M
8911 La Mesa Boulevard
See Similar DealsOffice13,378 SF
Sold 01/29/2024
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.
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Deal Type
30 years
10 years
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
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