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Address Not Available By Request

El Cajon, CA 92021
  • $1,399,000
  • STATUS: Active
  • ON SITE: 225 Days
  • ID#: PTP2102676
UPDATED: 134 min ago
$1,399,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1985
County:

School Ratings & Info

Listing provided courtesy of Gus Jaleel of Exceptional Realty

Description

Great income producing commercial retail property located on busy corner lot! Building has 8 total units that are 100% tenant occupied. Tenants are a mix of office and retail uses. Great signage and visibility. Currently at an 5% cap rate. Rents can be raised and cap rate improved. Proforma 8.5%.Perfect for a first time investor or seasoned investor. Very little maintenance, large parking lot, and very close to 2nd St, 8 freeway & Jamacha rd.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-02T21:29:04.5. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The M&M Team Realty. Licensed in the State of California, USA.
www.themmteamrealty.com/homes/116307464
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Address Not Available By Request El Cajon, CA 92021

  • Price: $1,399,000
  • Status: Active
  • On Site: 225 Days
  • Updated: 134 min ago
  • ID#: PTP2102676
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1985
Built
Neighborhood:
92021 - El Cajon
County:
San Diego
Area:
92021 - El Cajon
Property Description
Great income producing commercial retail property located on busy corner lot! Building has 8 total units that are 100% tenant occupied. Tenants are a mix of office and retail uses. Great signage and visibility. Currently at an 5% cap rate. Rents can be raised and cap rate improved. Proforma 8.5%.Perfect for a first time investor or seasoned investor. Very little maintenance, large parking lot, and very close to 2nd St, 8 freeway & Jamacha rd.
Exterior Features

Lot Features Corner Lot Parking Total 9700

Property Features

Association Fee 0 Cap Rate 8.5 Gross Scheduled Income 88800 Insurance Expense 900 Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventional Net Operating Income 72360 Operating Expense 88800 Property Sub Type Retail Special Listing Conditions Standard Trash Expense 180 Water Source See Remarks Zoning C-2



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-02T21:29:04.5. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The M&M Team Realty. Licensed in the State of California, USA.
 
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The M&M Team Realty
9230 Mayne St
Bellflower CA, 90706
Listing provided courtesy of Gus Jaleel of Exceptional Realty