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5515 Market Street

San Diego, CA 92114
  • $5,999,000
  • STATUS: ACTIVE
  • ON SITE: 63 Days
  • ID#: 240023301
UPDATED: 47 min ago
$5,999,000
  • 0
    BEDS
  • 1.23
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 19,000
    SQFT
  • $316
    $/SQFT
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

Description

This is an outstanding opportunity for an investor now and owner user in the future. Two separate buildings on two separate parcels will allow new owner to rent one property and use the other. Fenced secured yard with dock high one story buildings such as this are difficult to find. Currently, Canteen which is part of the Compass Group, a worldwide conglomerate, is the tenant with a lease that is as close as possible to NNN. Newer three story light manufacturing buildings have been built west of this property.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.redtreerealty.com/homes/156114636
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5515 Market Street San Diego, CA 92114

  • Price: $5,999,000
  • Status: ACTIVE
  • On Site: 63 Days
  • Updated: 47 min ago
  • ID#: 240023301
0
Beds
0
Baths
0
½ Baths
1.23
Acres
19,000
SQFT
$316
$/SQFT
Neighborhood:
Encanto (92114)
County:
San Diego
Area:
Encanto (92114)
Property Description
This is an outstanding opportunity for an investor now and owner user in the future. Two separate buildings on two separate parcels will allow new owner to rent one property and use the other. Fenced secured yard with dock high one story buildings such as this are difficult to find. Currently, Canteen which is part of the Compass Group, a worldwide conglomerate, is the tenant with a lease that is as close as possible to NNN. Newer three story light manufacturing buildings have been built west of this property.
Exterior Features

Construction Block Location Industrial Park Lot Dimensions Approx 200 x 260 Neighboring Business Type1 Newer 3 story manufacturing. Neighboring Business Type2 Newer 3 story office. Parking Private Roof Tar & Gravel Truck Dock y

Interior Features

Cooling Evaporative Cooler Floors Slab Sq Ft Of Improvement 19000 Stories 1 Story Unit Size1 10000 Unit Size2 9000

Property Features

Actual Cap Rate 3.6 Actual Gross Scheduled Income 217998.0 Actual Operating Expense 0 Assumable Finance 0 Buildings 2 Commercial Property Type Industrial Sale Existing Financing Clear Financial Information Source Owner Have Rare Fenced Industrial Lease Expires1 7/31/26 Lease Expires2 7/31/26 Mandatory Remarks None Known Market Area Metro Central Monthly Rent Total 1816655 Monthly Rent1 9560.00 Monthly Rent2 8606.55 Motive Want Sale Occupancy Percent 100 Sale Includes BuildingLeasesLand Sales Restrictions N/K Short Sale No Sq Ft Source Buyer to Verify Tenant Pays All of the AboveElectricGasInsuranceJanitorMaint/RepairsTrashTaxesWater Terms CashCash to New Loan Unit Number1 5515 Unit Number2 5475 Zoning LL

San Diego MLS logo Listing provided courtesy of Chuck Hoffman of Apartment Consultants Incorporated: 619-686-6122. Listing information © 2024 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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Red Tree Realty
4138 Napier St.
San Diego CA, 92110