Address
8745-8747 N Magnolia Ave Santee, CA
Price
$ 5,100,000
Property Attributes
  • MLS#190001751
  • TypeCommercial
  • CountySAN DIEGO
  • CitySantee
  • AreaEast County
  • NeighborhoodEast County
  • Zip92071
  • Style
  • Price$ 5,100,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
CEG Advisors
Property 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.

Price History
1/8/2019 Listed $5,100,000

General Features

Commercial Property Type Industrial Sale
Sale/rent For Sale
Total Units 4

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 92071

Price
AVG $2.11M
$5.1M
Visits
AVG 47
266
Walkscore
AVG 62
58
Data Provided by Walkscore ® not using MLS data

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