San Diego, CA— The Hindu Mandir Society of San Diego has acquired a two-story, 31,575-square-foot multi-tenant office building at 9466 Black Mountain Road in the Miramar neighborhood for $6.6 million. This strategic investment aims to enhance the Society's community services and cultural initiatives.
Key Facts:
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Property Details: The building, constructed in 1977 and converted to office space in 1983, spans 31,575 square feet over two stories.
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Transaction Date: The acquisition was finalized on March 3, 2025.
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Brokerage Firms Involved: Pacific Coast Commercial represented the seller, while Lee & Associates represented the buyer.
The Hindu Mandir Society of San Diego's recent acquisition reflects its commitment to expanding its footprint within the community. Located at 9466 Black Mountain Road, the building offers ample space for the Society's growing activities. The property, originally built in 1977 as a racquetball facility, was converted into a multi-tenant office space in 1983, providing a versatile environment for various functions.
Local community members have expressed optimism about the Society's expansion, anticipating enhanced cultural and educational programs. This acquisition not only signifies growth for the Hindu Mandir Society but also highlights the broader trend of cultural organizations investing in substantial properties to better serve their communities.
Bo Gibbons, Brian Crepeau, and Daniel Goodman of Pacific Coast Commercial facilitated the transaction on behalf of the seller, 9466 BMR LLC. Paul Britvar of Lee & Associates represented the Hindu Mandir Society in this significant purchase.
"This acquisition marks a pivotal moment for our Society, enabling us to broaden our services and deepen our cultural impact within San Diego," said a representative from the Hindu Mandir Society of San Diego.
The Hindu Mandir Society's investment underscores the importance of cultural institutions in fostering community engagement and preserving heritage. As they settle into their new premises, the San Diego community can anticipate a richer tapestry of cultural events, educational programs, and community services.
Do You Know?
The Hindu Mandir Society of San Diego has been serving the community since 1988, offering a place of worship, cultural events, and educational programs for individuals of all ages.
Key Terms:
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Multi-Tenant Office Building: A commercial property designed to accommodate multiple business tenants, each occupying separate office spaces within the same building.
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Brokerage Firm: A company that facilitates transactions between buyers and sellers in various markets, such as real estate, by providing professional advice and services.
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Racquetball Facility: A specialized indoor court designed for the sport of racquetball, typically featuring four walls and a ceiling to allow for dynamic play.