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253 Third Ave

Chula Vista, CA 91910
  • $2,799,000
  • STATUS: ACTIVE
  • ON SITE: 9 Days
  • ID#: 240010186
UPDATED: 43 min ago
$2,799,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 8,100
    SQFT
  • $346
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1949
County:

School Ratings & Info

Description

Third Ave in Chula Vista is quickly becoming the fastest growing community and hot spot for craft brewers. Third Ave is a major south/north thoroughfare connecting two of San Diego’s busiest freeways – Interstates 5 and 805. A noteworthy building located just over 1 mile from Chula Vista Bayfront Development, and ongoing 535 Acre mixed-use development featuring resort, hotel, convention center, retail, restaurant, recreation, and marina uses. Upon completion, the Chula Vista Bayfront Development will be a regional destination draw for not only San Diego County, but also the greater Southern California area. With its unparalleled location, strong tenant backing, and favorable lease terms, this investment opportunity presents a rare chance to secure a high-performing asset in a prime San Diego coastal location. Fully leased, at prime rent for area. Jewelry Store center/main tenant will consider relocation in event an owner-user desires the 2600 sq ft space on main level.

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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.sellsandiego.com/homes/150357869
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253 Third Ave Chula Vista, CA 91910

  • Price: $2,799,000
  • Status: ACTIVE
  • On Site: 9 Days
  • Updated: 43 min ago
  • ID#: 240010186
0
Beds
0
Baths
0
½ Baths
N/A
Acres
8,100
SQFT
$346
$/SQFT
1949
Built
Neighborhood:
Chula Vista (91910)
County:
San Diego
Area:
Chula Vista (91910)
Property Description
Third Ave in Chula Vista is quickly becoming the fastest growing community and hot spot for craft brewers. Third Ave is a major south/north thoroughfare connecting two of San Diego’s busiest freeways – Interstates 5 and 805. A noteworthy building located just over 1 mile from Chula Vista Bayfront Development, and ongoing 535 Acre mixed-use development featuring resort, hotel, convention center, retail, restaurant, recreation, and marina uses. Upon completion, the Chula Vista Bayfront Development will be a regional destination draw for not only San Diego County, but also the greater Southern California area. With its unparalleled location, strong tenant backing, and favorable lease terms, this investment opportunity presents a rare chance to secure a high-performing asset in a prime San Diego coastal location. Fully leased, at prime rent for area. Jewelry Store center/main tenant will consider relocation in event an owner-user desires the 2600 sq ft space on main level.
Exterior Features

Alley Access yes Construction Concrete Location Corner Lot Dimensions Approx 62x100 Parking Street Parking Free Form street Parking Ratio 0 Roof Other/Remarks

Interior Features

Common Restrooms 0 Estimated Square Feet 8100 Private Restrooms 5 Restrooms 5 Sq Ft Of Improvement 8100 Sq Ft Per Floor1 5400 Sq Ft Per Floor2 2700 Stories 2 Story Unit Size1 1800 Unit Size2 2600 Unit Size3 900 Unit Size4 1000 Unit Size5 800

Property Features

Actual Cap Rate 6.2 Actual Gross Scheduled Income 211944.0 Actual Operating Expense 31222 Actual Pest Control Expense 1200 Actual Taxes Expense 18000 Actual Trash Expense 3822 Assessed Value Improved 1300000 Assumable Finance 0 Building Amenities 24 Hour AccessBus LineCorner LotMezzanineRestaurant Buildings 1 Existing Financing Conventional Financial Information Source Accountant Lease Expires1 2028 Lease Expires2 2026 Lease Expires3 MTM Lease Expires4 MTM Lease Expires5 MTM Mandatory Remarks None Known Market Area South Bay Minimum Lease Terms1 5yr Minimum Lease Terms2 3yr Minimum Lease Terms3 MTM Minimum Lease Terms4 MTM Minimum Lease Terms5 MTM Monthly Rent Total 19097 Monthly Rent1 5005 Monthly Rent2 7800 Monthly Rent3 2097 Monthly Rent4 2500 Monthly Rent5 1695 Motive Want 2799900 Occupancy Percent 100 Property Type Mixed Usage Sale Includes Inventory Short Sale No Sq Ft Source Buyer to Verify Tenant Pays Other/Remarks Terms CashOther/Remarks Zoning Mixed Use

San Diego MLS logo Listing provided courtesy of Jaysen Brown of Steele Canyon Realty: 619-922-1936. 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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