8770 Cuyamaca

    Santee, CA 92071
    • $1,750,000
    • STATUS: ACTIVE
    • ON SITE: 38 days
    • ID#: 190050082
    Price Reduced
    UPDATED: 238 min ago
    $1,750,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1972
    County:

    School Ratings & Info

    Description

    Multi-Tenant professional office building. The investment contains one 6,945 rentable square foot Class B office building. Built in 1972, the 100% leased medical office building currently has a tenant mix of staggered leases rolling over the next three years. The subject property is strategically located off of Mission Gorge Road and Cuyamaca Street with excellent access to Santee’s transportation corridors including highways 52, 125 and 67. The property also has close proximity to multiple amenities including the Santee Trolley Square with easy public transportation, Mission Gorge Square Shopping Center and Santee Towne Center.

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    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 © 2019 San Diego MLS, Inc. Licensed in the state of California.
    www.sellsandiego.com/homes/98787078

    8770 Cuyamaca Santee, CA 92071

    • Price: $1,750,000
    • Status: ACTIVE
    • Updated: 238 min ago
    • ID#: 190050082
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1972
    Built
    Neighborhood:
    Santee (92071)
    County:
    San Diego
    Area:
    Santee (92071)
    Property Description
    Multi-Tenant professional office building. The investment contains one 6,945 rentable square foot Class B office building. Built in 1972, the 100% leased medical office building currently has a tenant mix of staggered leases rolling over the next three years. The subject property is strategically located off of Mission Gorge Road and Cuyamaca Street with excellent access to Santee’s transportation corridors including highways 52, 125 and 67. The property also has close proximity to multiple amenities including the Santee Trolley Square with easy public transportation, Mission Gorge Square Shopping Center and Santee Towne Center.
    Exterior Features

    Construction BlockFrame

    Interior Features

    Sq Ft Of Improvement 6945 Unit Size1 2293 SF Unit Size2 1060 SF Unit Size3 1405 SF Unit Size4 2180 SF

    Property Features

    Actual Gross Scheduled Income 153614 Actual Operating Expense 64475 Assumable Finance 0 Buildings 1 Commercial Property Type Office Lease Flood Zone Hazard Unknown Lease Expires1 June 302023 Lease Expires2 February 282022 Lease Expires3 February 282021 Lease Expires4 January 312021 Mandatory Remarks None Known Market Area East County Monthly Rent1 $ 3713.15 Monthly Rent2 $ 2238.00 Monthly Rent3 $ 1950.00 Monthly Rent4 $ 4900.00 Motive Want Cash Occupancy Percent 100 Projected Cap Rate 4.79 Projected Cash On Cash 2.75 Projected Gross Multiplier 11.82 Short Sale No Tenant Pays None Unit Number1 1 Unit Number2 2 Unit Number3 4 Unit Number4 5 Zoning Commercial

    Listing provided courtesy of Cethron Property Management. Listing information © 2019 San Diego MLS Inc. Source: SDMLS
    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 © 2019 San Diego MLS, Inc. Licensed in the state of California.
     
    Neuman & Neuman Real Estate Inc.
    516 5th Avenue
    San Diego CA, 92101