Commercial for Lease -001-11-30T00:00:00-08:00
Multi-Tenant Industrial – Sale Price: $5,100,000 ( $140 / SF) – Cap Rate: 5.52% – Zoning: GC (General Commercial) – Buildings: Two (2) – Approximately 17,302 sq.ft and 19,043 sq.ft 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.[x]8745 Magnolia Ave, Santee, CA 92071, USA[x]https://intre-california.com/rets/images/3/361787649/361787649-1.jpg|
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 sq.ft and 19,043 sq.ft The property is within close proximity t
8745 Magnolia Ave, Santee, CA 92071, USA
$5,100,000 USD
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Address8745 North Magnolia ave, Santee
Price$5,100,000
Property TypeCommercial Lease
Year Built2000
Bedrooms Total0
Listing ID190001751
StatusActive
Parcel Number38414101
Days on Market131

Detailed 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 sq.ft and 19,043 sq.ft 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.


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Address Information
Address8745 North Magnolia ave, Santee
Street PrefixNorth
CitySantee
County Or ParishSan Diego
State or ProvinceCA
Postal Code92071
CountryUS
Financial Information
Price per Lot Square Foot$
Tax Year2019
Full Descriptions
Parcel Number38414101
Detailed Description100% 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 sq.ft and 19,043 sq.ft 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.
Property parameters
Year Built2000
Number of Units Total4
Units Total4
Listed withPat Geary (CEG Advisors)