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9466 Black Mountain Road

Hindu Mandir Society Acquires Office Building In San Diego For $6.6 Million
SOLDOffice

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:

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

Brian Crepeau

Pacific Coast Commercial

Broker

$33.2M

vol

4 deals

Broker

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