6331 University Ave - Freestanding FOR SALE


San Diego, CA 92115
$3,099,000 USD
619-905-9097
6331 University Ave, San Diego, CA for Sale
$3,099,000 USD
Freestanding - FOR SALE
1/23
null | Request Cap Rate

6331 University Ave
San Diego, CA 92115


HIGHLIGHTS

  • Fully leased investment opportunity
  • 5 Years remaining on tenant's lease
  • $14,900 per month Rental Income
  • 22+ Parking Spaces

OVERVIEW

Presenting an excellent investment opportunity: a fully leased retail building offering prime visibility. The property features 18,346 square feet of space, including 8,500 square feet for both warehouse and showroom areas, situated on a spacious 28,750 square feet lot. Currently leased to a tenant operating a dog kennel, the property generates a monthly gross income of $14,900 with annual 3% cost-of-living increases, under a secure 5-year lease agreement. With an estimated capitalization rate (CAP) of 5.73%, this property represents a compelling addition to any investment portfolio.

FOR SALE DETAILS

PRICE

$3,099,000 USD

PRICE/SF

$169 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.66 AC

LAND SF

28,750 SF

ZONING

CC-5-3

APN/PARCEL ID

473-220-30

ASK ABOUT THIS PROPERTY

Erik WieseWiese & AssociatesMore Info
619-905-9097

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Erik WieseWiese & AssociatesMore Info
619-905-9097

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