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8911 La Mesa Boulevard

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

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

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.

Players

Vince Provenzano

Cushman & Wakefield

Broker

$10M

vol

2 deals

Broker

Los Angeles 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

4.07%

Cash-on-Cash

-1.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93