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

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SOLD
$6,600,000

California

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Office31,575 SF
Sold 03/03/2025
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Property Image
SOLD

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

9466 Black Mountain Road

See Similar Deals
Office31,575 SF
Sold 03/03/2025
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Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$209
Total Square Footage:31,575 SF
Transaction Type:Sale

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
4 deals$33.2M volume
BROKER

Bo Gibbons
Pacific Coast Commercial
1 deal$6.6M volume
BROKER

Paul Britvar
Lee & Associates
1 deal$6.6M volume(858) 230-1166
BROKER

Details

SOLD
IMAGE: Paul Britvar, Bo Gibbons, Daniel Goodman & Brian Crepeau DATE: 03/03/2025 ADDRESS: 9466 Black Mountain Road MARKET: San Diego ASSET TYPE: Office BUYER: Hindu Mandir Society SELLER: 9466 BMR LLC BUYER'S REP: Paul Britvar - Lee & Associates (@LeeAssociatesRE) SELLER'S REP: Bo Gibbons, Daniel Goodman & Brian Crepeau - Pacific Coast Commercial (@PacificCoastCommercial) SALE PRICE: $6,600,000 SF: 31,575 ~ PPSF: $209 NOTE: Hindu Mandir Society of San Diego bought a 31,575-square-foot multi-tenant office building at 9466 Black Mountain Road for $6.6 million from 9466 BMR LLC. Pacific Coast Commercial represented the seller, while Lee & Associates represented the buyer.

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

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$23,448.40
Cash-on-Cash Return-1.27%
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