3774 Grove St 11,479 SF 100% Leased Office Building Lemon Grove, CA 91945 $3,500,000 ($304.90/SF) 3.69% Cap Rate
INVESTMENT HIGHLIGHTS
- Almost always 100% rented
- Verizon cell tower brings in $2200/month, building is adjacent to one of the 3 busiest highways in San Diego
- Adjacent to major highway 94 and main Broadway street and 7 min to Downtown San Diego
- Recent tenant improvements completed, in process putting ceramic tiles on all floors instead of rugs
- Surrounding area is experiencing incredible building boom
- More than ample parking in our large parking lot
EXECUTIVE SUMMARY
In the past year improvements have been made including tile floors to replace the carpet, office spaces, walls, and the wireless tower.
A second small lot listed separately by the city is included at no additional charge.
A second small lot listed separately by the city is included at no additional charge.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
11,479 SF
Building Class
C
Year Built
1990
Price
$3,500,000
Price Per SF
$304.90
Cap Rate
3.69%
NOI
$129,127
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,740 SF
Slab To Slab
10’8”
Building FAR
0.61
Lot Size
0.43 AC
Zoning
H-C - Highway Commercial
Parking
28 Spaces (2.44 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
- Partitioned Offices
1 of 1
Walk Score®
Very Walkable (82)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $476,185 | |
| Land Assessment | $331,479 | Total Assessment | $807,664 |
CONTACT
-
Jay Markoff - Jay Markoff Realty
