Offer Price:

$15,000,000

Price/SF:

$355.52

Rentable Building Area:

42,192 SF

Land SF:

3.7 Acres

 

NOI:

$947,743

In Place Cap Rate:

6.35%

Leased:

93.4%

Status:

Sold



Investment Highlights
  • 42,192 SF Suburban Shopping Center in Tierrasanta
  • Diverse Mix of 25 Retail Tenants Create Synergy
  • 93.4% Leased with no Major Rollover in the Near Term
  • Well managed & maintained: Very low vacancy and current tenants paying healthy rents compared to local markets.
  • High barrier of entry and limited trade activity in the area. A generational asset and tremendously rare opportunity.
  • Located within easy access of most major San Diego freeways, Hwy 52, I-15, I-8, and Hwy 163

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