Hindu Mandir Society Acquires Office Building In San Diego For $6.6 Million
9466 Black Mountain Road
$6,600,000
$209/SF
Building Size
31,575 SF
Asset Type
Office
Closing
Mar 3, 2025
AI
The transaction involved the sale of a 31,575-square-foot multi-tenant office building located at 9466 Black Mountain Road in the San Diego market for $6.6 million. The property was sold by 9466 BMR LLC to the Hindu Mandir Society. The price per square foot for the building was $209.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $6,600,000
- Address: 9466 Black Mountain Road
- Buyer: Hindu Mandir Society
- Seller: 9466 BMR LLC
- Buyer’s Representative: Paul Britvar - Lee & Associates
- Seller’s Representatives: Bo Gibbons, Daniel Goodman & Brian Crepeau - Pacific Coast Commercial
- Market: San Diego
- Square Footage: 31,575
- Price per Square Foot: $209
The Hindu Mandir Society was represented in this transaction by Paul Britvar from Lee & Associates, while the seller, 9466 BMR LLC, was represented by a team from Pacific Coast Commercial, including Bo Gibbons, Daniel Goodman, and Brian Crepeau. This transaction highlights the involvement of key representatives in the negotiation and closing process for both parties.
Players
San Diego 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
2.40%
Cash-on-Cash
-0.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93