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9001 Grossmont Boulevard

AQAR LLC Acquires Office Building From Barbot Family Trust In La Mesa
SOLDOffice

AQAR LLC Acquires Office Building From Barbot Family Trust In La Mesa

9001 Grossmont Boulevard

$2,525,000

$266/SF

Building Size

9,470 SF

Asset Type

Office

Closing

May 17, 2024

AI

An office building spanning 9,470 square feet located at 9001 Grossmont Blvd, La Mesa, CA, was sold for $2,525,000. The transaction involved AQAR LLC as the buyer and Barbot Family Trust as the seller. Gino Kalasho from Commercial Asset Advisors represented the buyer, while Aidan James and James Renner from Inland Pacific represented the seller.

Summary of transaction details:

The property's strategic location, premium enhancements, and potential for immediate owner occupancy played pivotal roles in the sale facilitated by Commercial Asset Advisors. The deal highlights the successful transaction between the buyer, AQAR LLC, and the seller, Barbot Family Trust, showcasing the expertise of the representatives from Commercial Asset Advisors and Inland Pacific.

Players

James Renner

Inland Pacific

Broker

$14.4M

vol

2 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

6.28%

Cash-on-Cash

-1.80%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93