Investment Highlights

  • 1.02 AC Lot (44,431 SF) Development Site Located on Garnet Ave WITH 61,230 VPD
  • High Density Zoning, Complete Communities FAR-Based Density 2.5
  • ½ Mile Away from Balboa Trolley Station as part of the $2.1B Mid-Coast Transit Expansion
  • 100% Leased Multi-tenant asset on NNN Leases
  • Significant upside with below market rents averaging $2.08/SF NNN
  • Exceptional Bay / Beach Proximity & Abundant Foot Traffic with quick access to major freeways and International Airport


Asking Price:

$8,250,000

Cap Rate:

5.46% (ProForma)

NOI:

$450,252 (ProForma)

Occupancy:

100%

Building Area:

14,400 SF

Status:

Active

Didn't find what you
were looking for?

View All Properties

Complimentary Asset Valuation

Call us anytime. We are here for you. (858) 373-3142

See It First