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.

  • MLS# 190001751
  • Style Industrial
  • Sub-Type Lease
  • Status Active
  • Days On Site 7
Story(s) 0
Units 4
Listing Provided By:
Pat Geary  of  CEG Advisors
 
 
 
 
 
this listing $5,100,000
900.00%
$510,000 in 92071
this listing 7 on site
180.00%
2.5 on site in 92071

Location

State CA
County San Diego
City Santee
Zip Code 92071

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