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.