360 E San Ysidro Blvd | San Diego, CA 92173
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360 E San Ysidro Blvd
San Diego, CA 92173
360-390 E San Ysidro Blvd. · Land For Sale
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1.56 AC
PROPERTY FACTS
| Property Type | Land | Proposed Use | Retail |
| Property Subtype | Commercial | Total Lot Size | 1.56 AC |
| Zoning | CC-3-4 | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Retail |
| Total Lot Size | 1.56 AC |
| Zoning | CC-3-4 |
DESCRIPTION
25% Ownership Interest for Sale. Seasoned ground lease since 1977 with approximately 53 years remaining (February 2076). Nearly 40,000 sq. ft. of tenant owned buildings (5), situated on 1.56 acres of CC-3-4 zoned land. Reversionary Interest in leasehold improvements at end of lease term. Fair market value adjustments in monthly rent each 10 years. Next rental adjustment will take place March 2028. Annual rental is currently $72,000 ($288,000 x 25% = $72,000). Favorable cap rate of 7.68%.
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