22 W 35th St - Medical FOR SALE


National City, CA 91950
$9,750,000 USD
619-787-6374
22 W 35th St, National City, CA for Sale
$9,750,000 USD
Medical - FOR SALE
1/66
null | 8.57% Cap Rate

22 W 35th St
National City, CA 91950


HIGHLIGHTS

  • National City Medical Center offers investors a renovated, stabilized medical office with an exceptional South Bay location and strong NOI.
  • 100% occupied with NNN leases, with newly signed agreements ensuring long-term stability and a high yield.
  • Sitting at the gateway of Chula Vista and National City, the property serves a large patient base with a growing demand for medical services.
  • Extensive 2023 upgrades include a solar parking canopy, EV charging stations, and modern finishes and fixtures, making it stand out in the market.
  • Near quality amenities and Scripps Mercy Hospital, the location attracts tenants and ensures convenience for medical professionals and patients.
  • South Bay's economic growth, driven by infrastructure and commercial development, enhances the property's value and its appreciation potential.

OVERVIEW

Pacific Coast Commercial has been retained as the exclusive broker for the sale of 22 W. 35th Street, National City, California. This is a 100% leased, true triple net, prime investment opportunity. The property consists of a ±19,717-square-foot, two-story medical office building on an approximately ±41,817-square-foot lot (±0.96 acres). With a Net Operating Income (NOI) of $828,016, this property provides a solid return on investment for those seeking a stable, income-generating asset. 22 W 35th Street features an 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 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 Interstate 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. The property has a 100% occupancy rate and 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 SALE DETAILS

PRICE

$9,750,000 USD

PRICE/SF

$494 USD /SF

CAP RATE

8.57%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fully Leased NNN Medical Office Investment

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

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

Shirley KanamuPacific Coast CommercialMore Info
619-787-6374

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