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La Mesa Multi-Tenant Office Building Investment Deal Closes at $2.5+ Million, CAA Announces

LA MESA - San Diego, CA (May 30, 2024) – Commercial Asset Advisors announced the sale of 9001 Grossmont Blvd, La Mesa, CA 91942, on May 17, 2024, at a price of $2,525,000. This single-story multi-tenant office building, encompassing 9,470 rentable square feet along with thirty-three parking stalls, has garnered significant attention. The project consisted of month-to-month tenants which established an incentive for an owner/user to immediately occupy more than half of the building.


Aside from the building’s incentivizing strategy for an owner/user SBA loan play, 9001 Grossmont Blvd is in the high-growth market of the City of La Mesa. With immediate proximity to the I-8 and 125 Freeways, the project has strategic access throughout the County of San Diego, offering an array of opportunity for a business owner. Additionally, the building’s facilities have been outfitted with money saving amenities, such as the installation of 100 plus solar panels and dry scape landscaping. Additionally, the building recently had high-end improvements such as a new HVAC ductwork, asphalt, carpeting, climate-controlled offices, and upgraded LED lighting.

 

Gino Kalasho with Commercial Asset Advisors represented the Buyer, AQAR LLC. The Seller, Barbot Family Trust (02-05-92) was represented by Aidan James and James Renner with Inland Pacific. Brad Goodman with Chicago Title assisted with the transaction.

 

Commercial Asset Advisors is thrilled to announce the acquisition of a prime property located at 9001 Grossmont Blvd, La Mesa, CA 91942. This success can be attributed to the exemplary efforts of our dedicated agent, Gino Kalasho, who played a pivotal role in representing the buyer, AQAR LLC.

 

Amid a challenging economic climate characterized by volatile pricing in a seller’s market, the unwavering dedication and efficient communication exhibited by our team proved to be instrumental in orchestrating a successful transaction.

 

Gino Kalasho, Senior Vice President at Commercial Asset Advisors, emphasized, "Even with an everchanging real estate market, we were able to cast the widest net and procure the best option for our client’s requirements."

 

AQAR LLC hired the expertise of CAA to facilitate the process of identifying suitable owner/user projects and to facilitate the best strategy towards the negotiations to acquire the best deal. Successfully securing an SBA loan for the project, the transaction went smoothly and successfully for both parties involved.

 

The acquisition of 9001 Grossmont Blvd was not without its obstacles, but the strategies and expertise that Gino Kalasho presented during this venture, propelled a seamless transaction, resulting in the timely closure of the deal.

 

Commercial Asset Advisors reaffirms its commitment to providing exceptional real estate solutions, even in challenging market conditions. This transaction serves as a testament to our dedication to assisting clients in achieving their investment goals and expanding their real estate portfolios.

 

Furthermore, CAA has demonstrated its prowess by representing multiple buyers and sellers in various product types throughout San Diego County this year. This showcases the firm's ability to maximize values irrespective of product type, location, or market situation. As we celebrate this success, we look forward to continuing our tradition of excellence in the dynamic and ever-evolving real estate landscape.

 

For additional information, contact:

Gino Kalasho, Senior Vice President (DRE Lic. #02046687), at Gino@caacre.com


 

About Commercial Asset Advisors

Commercial Asset Advisors is a San Diego-based commercial real estate brokerage that specializes in serving the unique needs of individual private clients, as well as family offices, corporate, institutional, nonprofit and national organizations. As a full-service CRE firm, our team has assisted property owners from Central San Diego, North County, East County, South County and beyond to maximize the value of their investments including office, retail, industrial, apartment and multi—family, mixed-use projects, ground-up development tenant representation and much more. With experience earned through exceptional hard work, CAA has successfully completed over 1,500 sale and lease transactions totaling over $1.5 billion in consideration. CAA provides unmatched customer service and strategic advice in all areas, asset types, and transaction structures.


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