850 Showroom Pl - Commercial LAND FOR SALE


Chula Vista, CA 91914 198,198 SF
$7,900,000 USD
760-448-2449
850 Showroom Pl, Chula Vista, CA for Sale
$7,900,000 USD
Commercial LAND - FOR SALE
1/10
198,198 SF

850 Showroom Pl
Chula Vista, CA 91914


HIGHLIGHTS

  • Subject Property Leased to Amazon (S&P: AA-) | NASDAQ: “AMZN” – Best in Class Tenant | $590 Billion in Gross Income (2023)
  • Real Estate Advantage | Located in High Growth Eastlake Submarket | Mission Critical Parking Lot Site for Amazon Hub Facility
  • Huge Upside Potential Through Redevelopment | Existing Income Stream | Low Price per Square Foot for Improved Land ($39 PSF)
  • Located Just 10 Miles From the 535 Acre Chula Vista Bayfront Development Project, Largest Waterfront Project on West Coast | New Hotel Developments
  • Chula Vista, CA, 2nd Largest City in the San Diego Metropolitan Area | Contains Robust Industrial, Residential, Hospitality, & Retail Markets

OVERVIEW

A 4.55-acre improved parking lot property that is located within the Eastlake submarket of Chula Vista, CA. The property is currently leased to Amazon on a 5-year gross lease, which commenced in April 2021 and expires in April 2026. Amazon has (4)-5-year renewal option periods at FMV, with 2.75% annual rent increases thereafter. This parking lot is currently supporting a 100,000 SF Amazon Hub distribution facility located just 0.3 miles from the subject property. This investment provides an investor with a strong and reliable income stream for the next 1.8 years, with the potential opportunity to redevelop the site to its highest and best use.

FOR SALE DETAILS

PRICE

$7,900,000 USD

PRICE/ACRE

$1,736,264/AC

PRICE/SF

$40 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Amazon Parking Lot

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Parking Lot, Truck Terminal

LAND ACRES

4.55 AC

LAND SF

198,198 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

PC, Chula Vista

APN/PARCEL ID

595-710-22

ASK ABOUT THIS PROPERTY

Ryan BennettLee & AssociatesMore Info
760-448-2449

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Ryan BennettLee & AssociatesMore Info
760-448-2449

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