Photo of Nelson Brothers Team

Nelson Brothers Team

DRE# 01376023,01801493

858.215.3739



$5,100,000

  • COMMERCIAL-OFF/RTL/IND
  • ACTIVE
  • MLS# 190001751

Description

100% Leased Investment Opportunity | Multi-Tenant Industrial - Sale Price: $5,100,000 ($140/SF) - Cap Rate: 5.52% - Zoning: GC (General Commercial) - Buildings: Two (2) - Approximately 17,302 SF and 19,043 SF The property is within close proximity to the Hwy 67 and SR-52 freeway exchange in Santee. The property is 100% leased, with low maintenance, and is comprised of two buildings and four tenants. The property offers investors the opportunity to acquire a stabilized asset below replacement cost, at an attractive price per square foot, with future upside in continuing to increase rents to market. With historically low vacancy in East County, industrial properties have proven to be some of the most resilient and valuable assets in the commercial real estate sector. The scarcity of this product type makes for a great long-term hold.

Property Details

Property type:
Commercial-Off/Rtl/Ind

Location

County:
San Diego

Additional Details

Number of Units:
4
Assessors Parcel #:
384-141-01

Listing provided by

CEG Advisors
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East County

The eastern part of San Diego County is a mix of urban and rural communities and a diverse wilderness of mountains, lakes and canyons that provide for endless outdoor activities. Both the 600,000-acre Anza-Borrego Desert State Park and Cleveland National Park are nestled in the region, as well as El Capitan Reservoir, Lake Murray, Mission Trails Regional Park and Cowles Mountain. Several Nativ... Read More

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Presented By
Nelson
Brothers
Team

DRE# 01376023,01801493

858.215.3739

Email Us
Presented By
Nelson
Brothers
Team

DRE# 01376023,01801493

858.215.3739

Email Us

Willis Allen Real EstateThis information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by Sandicor®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2019 Sandicor®, Inc.