22 W 35th St - Medical FOR SALE


National City, CA 91950
$10,500,000 USD
619-787-6374
22 W 35th St, National City, CA for Sale
$10,500,000 USD
Medical - FOR SALE
1/6
null | 7.5% Cap Rate

22 W 35th St
National City, CA 91950


HIGHLIGHTS

  • True NNN Investment
  • NOI $787,051
  • Cap Rate 7.50%
  • 19,717 SF Medical Office Building

OVERVIEW

Pacific Coast Commercial has been retained as exclusive broker for the sale of 22 W. 35th Street, National City, California. This is a 100% leased, true triple net, prime investment opportunity located in National City, CA. The property consists of a ±19,717 SF, two-story medical office building on an approximately ±41,817 SF lot (±0.96 acres) and is offered for sale at $10,500,000. With a Net Operating Income (NOI) of $757,051 and an estimated cap rate of ±7.5%, this property provides a solid return on investment for those seeking a stable, income-generating asset. 22 W. 35th Street features a NNN (Triple Net Lease) structure, minimizing the landlord's operational responsibilities, while offering consistent cash flow. Built in 1974, the building has been modernized through renovations in both 2008 and 2024, enhancing its value and appeal. It boasts 69 parking spaces, a solar-powered parking canopy with EV charging stations, and is elevator served. The building is also zoned CS (Service Commercial), allowing for a range of commercial uses, with its current layout perfectly suited for medical offices. The property is strategically located at the SEC of I-5 and CA-54 right on the boundary of Chula Vista allowing it to pull from the high-demand areas of both the Chula Vista and National City submarkets. This makes the property an attractive option for investors looking for long-term stability. With a 100% occupancy rate, the property provides immediate rental income with minimal risk. This is a rare chance to own a well-maintained, energy-efficient building in an excellent location. For more information or to schedule a tour, please contact us today.

FOR SALE DETAILS

PRICE

$10,500,000 USD

PRICE/SF

$533 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

National City Medical Center

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

70

LAND DETAILS

LAND ACRES

0.96 AC

LAND SF

41,818 SF

ZONING

CS

APN/PARCEL ID

562-310-72

ASK ABOUT THIS PROPERTY

Shirley KanamuPacific Coast CommercialMore Info
619-787-6374

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Shirley KanamuPacific Coast CommercialMore Info
619-787-6374

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.