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24024 Humphries Rd 96,000 SF Industrial Building Tecate, CA 91980 $6,500,000 ($67.71/SF) 6.90% Cap Rate
INVESTMENT HIGHLIGHTS
- Existing expense for an on-site manager.
- All leases are under one year remaining on term.
- Existing rents.
- Zoning: M50 - Light Industrial
EXECUTIVE SUMMARY
Immediate Border Access
Only major warehousing facility located on the U.S. Side of the border crossing at Tecate!
Value Add Turnaround Play.
Only major warehousing facility located on the U.S. Side of the border crossing at Tecate!
Value Add Turnaround Play.
PROPERTY FACTS In Escrow
| Price | $6,500,000 | Building Class | B |
| Price Per SF | $67.71 | Lot Size | 8.80 AC |
| Sale Type | Investment or Owner User | Rentable Building Area | 96,000 SF |
| Cap Rate | 6.90% | No. Stories | 1 |
| Property Type | Industrial | Year Built | 1986 |
| Property Subtype | Warehouse | Tenancy | Single |
| Zoning | M50 - Light Industrial | ||
| Price | $6,500,000 |
| Price Per SF | $67.71 |
| Sale Type | Investment or Owner User |
| Cap Rate | 6.90% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 8.80 AC |
| Rentable Building Area | 96,000 SF |
| No. Stories | 1 |
| Year Built | 1986 |
| Tenancy | Single |
| Zoning | M50 - Light Industrial |
PROPERTY TAXES
| Parcel Number | 652-120-55 | Improvements Assessment | $4,200,000 |
| Land Assessment | $3,300,000 | Total Assessment | $7,500,000 |
PROPERTY TAXES
Parcel Number
652-120-55
Land Assessment
$3,300,000
Improvements Assessment
$4,200,000
Total Assessment
$7,500,000
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24024 Humphries Rd
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