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

Property Image
SOLD
$2,525,000

California

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Office9,470 SF
Sold
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Property Image
SOLD

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

9001 Grossmont Boulevard

See Similar Deals
Office9,470 SF
Sold
Contact now

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$266
Total Square Footage:9470 SF
Transaction Type:Sale

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
2 deals$14.4M volume(619) 518-5444
BROKER

Gino Kalasho
Commercial Asset Advisors
3 deals$9.7M volume(858) 360-3000
BROKER

Aidan James
Inland Pacific
2 deals$12M volume(619) 631-8661
BROKER

Details

SOLD
IMAGE: 05/17/2024 ADDRESS: 9001 Grossmont Boulevard MARKET: La Mesa ASSET TYPE: Office BUYER: AQAR LLC SELLER: Barbot Family Trust BUYER'S REP: Gino Kalasho - Commercial Asset Advisors SELLER'S REP: Aidan James & James Renner - Inland Pacific SALE PRICE: $2,525,000 SF: 9,470 ~ PPSF: $267 NOTE: Commercial Asset Advisors facilitated the $2,525,000 sale of a 9,470 sq. ft. office building at 9001 Grossmont Blvd, La Mesa, CA, with AQAR LLC as the buyer. The property's strategic location, high-end improvements, and potential for immediate owner occupancy were key factors in the transaction.

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

$134,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,970.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,969.79
Annual Debt Service$143,637.46