6331 University Ave, San Diego, CA 92115

18,346 SF | Retail Building | San Diego, CA 92115 | $3,099,000 ($169/SF)

Asking Price $3,099,000

Property Type: Retail
Square Feet: 18,346 SF
Price / Square Foot: $169

Listing Contacts

Erik Wiese

Verified Profile

Property Info

Property Overview

Presenting an excellent investment opportunity: a fully leased retail building offering prime visibility. The property features 18,346 square feet of space, including 8,500 square feet for both warehouse and showroom areas, situated on a spacious 28,750 square feet lot. Currently leased to a tenant operating a dog kennel, the property generates a monthly gross income of $14,900 with annual 3% cost-of-living increases, under a secure 5-year lease agreement. With an estimated capitalization rate (CAP) of 5.73%, this property represents a compelling addition to any investment portfolio.

Property Details

Class: C
Year Built: 1960
Stories: 1
Property Subtype: Freestanding
Lot Size (sq. ft): 28,750 SF

Highlights

Fully leased investment opportunity
5 Years remaining on tenant's lease
$14,900 per month Rental Income

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