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1338 N Santa Fe Ave 2,059 SF Retail Building Vista, CA 92083 $690,000 ($335.18/SF) 6.09% Cap Rate
INVESTMENT HIGHLIGHTS
- Property Contains Two Entry Points
- Existing Tenant is on Month-to-Month Lease
- Redevelopment Opportunity
- Great Upside Potential for Redevelopment Site
EXECUTIVE SUMMARY
Building has an existing tenant which brings in $3,200 in monthly income. Potential for rent increase if redevelopment is not pursued. Listed Cap Rate is Pro-Forma.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,059 SF
Building Class
C
Year Built
1946
Price
$690,000
Price Per SF
$335.18
Cap Rate
6.09%
NOI
$42,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
0.17 AC
Zoning
C-6 - Commercial
Parking
6 Spaces (3.5 Spaces per 1,000 SF Leased)
Frontage
49’ on N Santa Fe Ave
Walk Score®
Very Walkable (74)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 161-251-55 | Improvements Assessment | $233,465 |
| Land Assessment | $318,362 | Total Assessment | $551,827 |
PROPERTY TAXES
Parcel Number
161-251-55
Land Assessment
$318,362
Improvements Assessment
$233,465
Total Assessment
$551,827
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Presented by
Laksh Investments and Consulting
1338 N Santa Fe Ave
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