$5,100,000 8745-8747 N Magnolia Ave Santee, CA

MLS: 190001751   Type: Commercial   County: San Diego   City: Santee   Area: East County   Neighborhood: East County   Zip: 92071  

Mortgage $23,944 /mo

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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.

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Price History

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

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

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Direct Link:

https://www.dreamsdhomes.com/property/32-190001751-8745-8747-N-Magnolia-Ave-Santee-CA-92071

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Property vs Zip Code Avg (92071)

Price 5.10M Avg 2.11M

Visits 263 Avg 46

Days on Site 629 Avg 315

Walkscore® 58 Avg 62

Data Provided by Walkscore ® not using MLS data

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Listing Provided Courtesy Of: CEG Advisors




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Location & Address

goAdvanta Realty
2647 Gateway Road #105-575
Carlsbad, CA
619-675-7785
760-918-0404