8745 N Magnolia Ave

    Santee, CA 92071
    • $5,100,000
    • STATUS: Active
    • ON SITE: 308 days
    • ID#: 190001751
    UPDATED: 156 min ago
    $5,100,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial-Lease
    County:

    School Ratings & Info

    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.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-13T00:30:08.51. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Compass. Licensed in the State of California, USA.
    www.sperryresidential.com/homes/90705073

    8745 N Magnolia Ave Santee, CA 92071

    • Price: $5,100,000
    • Status: Active
    • Updated: 156 min ago
    • ID#: 190001751
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    County:
    San Diego
    Property 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 Features

    Country Us

    Listing provided courtesy of Pat Geary of Ceg Advisors


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-13T00:30:08.51. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Compass. Licensed in the State of California, USA.
     
    Compass
    341 Bayside Drive
    Newport Beach CA, 92660