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504-514 S Magnolia Ave 5,520 SF Office Building El Cajon, CA 92020 $2,200,000 ($398.55/SF)
Investment Highlights
- Fully leased medical office
- Located in a designated Opportunity Zone
- Flexible Floor Plan for Medical or Professional Office Use
- SBA Financing Potential (51%+ Owner-User Requirement Easily Met)
- ±5,520 SF building on ±0.39-acre parcel
Executive Summary
504–514 S Magnolia Ave now presents a prime owner-user opportunity in the heart of East County. The ±5,520 SF medical office building is currently 66% vacant, making it ideal for an owner-user to occupy the majority of the space and leverage SBA financing.
Situated on a ±0.39-acre lot within a designated Opportunity Zone, the property provides meaningful long-term upside through lease-up, rent growth, or potential future redevelopment. With limited in-place income and substantial available space, this asset offers a rare chance to secure immediate occupancy while creating significant value over time.
Situated on a ±0.39-acre lot within a designated Opportunity Zone, the property provides meaningful long-term upside through lease-up, rent growth, or potential future redevelopment. With limited in-place income and substantial available space, this asset offers a rare chance to secure immediate occupancy while creating significant value over time.
Property Facts
Sale Type
Owner User
Property Type
Office
Property Subtype
Medical
Building Size
5,520 SF
Building Class
C
Year Built
1958
Price
$2,200,000
Price Per SF
$398.55
Tenancy
Single
Building Height
1 Story
Typical Floor Size
5,520 SF
Slab To Slab
8’
Building FAR
0.32
Lot Size
0.39 AC
Opportunity Zone
Yes
Zoning
OP - Medical Office
Parking
8 Spaces (1.45 Spaces per 1,000 SF Leased)
Amenities
- Signage
- DDA Compliant
- Air Conditioning
1 1
Walk Score®
Very Walkable (81)
Property Taxes
| Parcel Number | 488-272-12 | Improvements Assessment | $775,200 |
| Land Assessment | $510,000 | Total Assessment | $1,285,200 |
Property Taxes
Parcel Number
488-272-12
Land Assessment
$510,000
Improvements Assessment
$775,200
Total Assessment
$1,285,200
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504-514 S Magnolia Ave
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