
Property Details
Property Details
Property Details
8745-8747 Magnolia Ave, Santee, CA 92071
$5,100,000 LOGIN TO SAVE
Bedrooms:
Bathrooms: 0
Area: 0 SqFt.
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.
Features
Listing provided courtesy of Pat Geary of CEG Advisors. Last updated 2019-06-18 09:25:54.000000. Listing information © 2021 Sandicor.
Listing provided courtesy of Pat Geary of CEG Advisors. Last updated 2019-06-18 09:25:54.000000. Listing information © 2021 Sandicor.
WHY WORK
WITH US?
Years in Business
Years
Homes Sold
Units
Total Volume of Sales
and counting
Sold This Year
and counting
Search for your new home

Copyright © 2021
Heritage Real Estate.
All Rights Reserved.
Powered by:
DRE#: | 00939416 |
Office Address: | 255 Orange Ave., Coronado CA 92118 |
Contact No.: | 619-602-9750 |
Email: | Send Message |
Copyright © 2021 Heritage Real Estate. All Rights Reserved.
Powered by: