1068 Broadway - Medical FOR SALE


El Cajon, CA 92021
$6,500,000 USD
1068 Broadway, El Cajon, CA for Sale
$6,500,000 USD
Medical - FOR SALE
1/2
null | 7.21% Cap Rate

1068 Broadway
El Cajon, CA 92021


HIGHLIGHTS

  • Positioned within the San Diego MSA – Ranked #18 in the United States for population size
  • NNN – no landlord responsibilities
  • Extremely low 3% submarket vacancy according to CoStar
  • Close proximity to Interstate 8 (148,000 VPD) & CA-67 (100,000 VPD)
  • Densely populated area - over 308,000 people live within a ?ve-mile radius
  • Six-?gure average household income within ?ve miles ($124,210)

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a proposed single tenant sale leaseback to CRT Plasma positioned within the San Diego MSA in El Cajon, California. The proposed sale leaseback terms include a 15-year lease with 2.5% annual rental escalations throughout the primary term and four 5-year renewal options. The lease will be absolute triple net and feature no landlord responsibilities. The submarket boasts an extremely low vacancy rate of 3% according to CoStar. The practice is led by a Johns Hopkins-trained transfusion medicine specialist and has experienced strong success. Please inquire with broker for ?nancial information. The 15,632-square-foot building is strategically located along Broadway, a primary thoroughfare with traffic exceeding 24,700 vehicles per day. Broadway hosts a wide range of major retailers, including Target, Food 4 Less, The Home Depot, Best Buy, ALDI, and HomeGoods, as well as Parkway Plaza, a regional shopping center featuring Dick’s Sporting Goods, JCPenney, H&M, Regal Cinemas, Ashley, Bath & Body Works, and more. The property also offers close proximity to Interstate 8 (148,000 VPD) and CA-67 (100,000 VPD), enhancing accessibility. Situated in a densely populated area, the asset serves over 308,000 residents within a ?ve-mile radius, with an average household income of $124,210. CRT Plasma, located in El Cajon, California, is a premier plasma donation center dedicated to advancing life-saving medical therapies. Led by Peter Miller, M.D., a Johns Hopkins-trained transfusion medicine specialist, CRT Plasma emphasizes exceptional donor care and safety, with sterile, well-maintained facilities and a compassionate, professional team. Donors are appreciated with cash compensation and a commitment to a comfortable experience.

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$416 USD /SF

CAP RATE

7.21%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CRT Plasma

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.89 AC

LAND SF

38,768 SF

ZONING

O-P

APN/PARCEL ID

484-293-34

ASK ABOUT THIS PROPERTY

Randy BlanksteinThe Boulder GroupMore Info

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Randy BlanksteinThe Boulder GroupMore Info

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