8745 N Magnolia Ave
Santee, CA 92071

$5,100,000

Description

100% Leased Investment Opportunity | Multi-Tenant Industrial - Sale Price: $5,100,000 ($140/SF) - Cap Rate: 5.52% - Zoning: GC (General Commercial) - Buildings: Two (2) - Approximately 17,302 SF and 19,043 SF The property is within close proximity to the Hwy 67 and SR-52 freeway exchange in Santee. The property is 100% leased, with low maintenance, and is comprised of two buildings and four tenants. The property offers investors the opportunity to acquire a stabilized asset below replacement cost, at an attractive price per square foot, with future upside in continuing to increase rents to market. With historically low vacancy in East County, industrial properties have proven to be some of the most resilient and valuable assets in the commercial real estate sector. The scarcity of this product type makes for a great long-term hold.

Details

MLS#190001751
StyleIndustrial
Sub-TypeLease
StatusActive
Days On Site9

Features

Story(s)0
Units4

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Area Information

StateCA
CountySan Diego
CitySantee
Zip Code92071
Listing VS Median (in 92071)
Price:
$5,100,000
low | high
Med:
$520,000
100% of Average
On Site:
9
low | high
Med:
4
100% of Average
Listing Updated: 03/20/2019
MLS Number: 190001751
Listing Provided By:
Pat Geary  of  CEG Advisors
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.