Photo of Reed Team

Reed Team

DRE# 00593093, 01153506, 01977149, 02048981

858.456.1240



$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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Santee

A suburban city of San Diego, Santee is 18 miles from the coast and connected to the Pacific shores by a six-lane freeway, State Route 52. With a population of around 56,000 and a median household income of around $84,000, Santee was recognized in 2010 for its growth and progress, including the addition of upscale housing, a major corporate business park and extensive shopping centers as well ... Read More

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Presented By
Reed
Team

DRE# 00593093, 01153506, 01977149, 02048981

858.456.1240

Email Us
Presented By
Reed
Team

DRE# 00593093, 01153506, 01977149, 02048981

858.456.1240

Email Us

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