Santee, CA 92071 8745-8747 N Magnolia Ave

8745-8747 N Magnolia Ave Santee, CA - Image 18745-8747 N Magnolia Ave Santee, CA - Image 28745-8747 N Magnolia Ave Santee, CA - Image 38745-8747 N Magnolia Ave Santee, CA - Image 4
  • MLS# 190001751
  • 01/01/2019
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Presented By: CEG Advisors

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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.
Presented By: CEG Advisors

General for 8745-8747 N Magnolia Ave

Commercial Property TypeIndustrial Sale
Sale/RentFor Sale
Total Units4

Additional Details

Price History

Joseph Arendsen

Owner & REALTOR
Price $5,100,000
MLS#190001751
List Date 01/01/2019
Property Type Commercial
Phone 760.672.0174
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