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:
- Property Type: Office
- Transaction Amount: $2,525,000
- Address: 9001 Grossmont Boulevard
- Market: La Mesa
- Square Footage: 9,470
- Buyer: AQAR LLC
- Seller: Barbot Family Trust
- Buyer's Rep: Gino Kalasho - Commercial Asset Advisors
- Seller's Rep: Aidan James & James Renner - Inland Pacific
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
La Mesa Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
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