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Grove Executive Building 7227 Broadway 16,378 SF 90% Leased Office Building Lemon Grove, CA 91945 $3,000,000 ($183.17/SF) 6.81% Cap Rate
Investment Highlights
- ±15,189 Net Rentable SF
- Low maintenance property with zero landscaping
- Easy access to 94 and 125 freeways
- High historical occupancy
- Visible to more than 20,000 cars daily on Broadway Avenue
Executive Summary
±16,378 SF office building with two store fronts and a strong historical occupancy rate with some tenants leasing for over 10 years. Located within the Lemon Grove submarket of San Diego.
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Building Size
16,378 SF
Building Class
C
Year Built
1975
Price
$3,000,000
Price Per SF
$183.17
Cap Rate
6.81%
NOI
$204,276
Percent Leased
90%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
4,095 SF
Slab To Slab
9’
Building FAR
0.74
Lot Size
0.51 AC
Zoning
GC, Lemon Grove - General commercial
Parking
42 Spaces (2.56 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Controlled Access
- Storage Space
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Beauty X Ink
- Professional, Scientific, and Technical Services
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Physical Property Analysis, LLC
- -
- -
- -
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Beauty X Ink | Professional, Scientific, and Technical Services | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| Physical Property Analysis, LLC | - | - | - | Lorem Ipsum | Jan 0000 |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Suite 104: 230 SF ground level storage suite at $500/month, full-service
Open layout with one (1) private office, Abundant natural light and move-in ready finishes
Suite 304: Reception area with three (3) private offices, Abundant natural light
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl-Ste 104 | 230 SF | Office | - | Now |
| 3rd Fl-Ste 303 | 778 SF | Office | - | Now |
| 3rd Fl-Ste 304 | 626 SF | Office/Retail | Full Build-Out | Now |
1st Fl-Ste 104
| Size |
| 230 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
3rd Fl-Ste 303
| Size |
| 778 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
3rd Fl-Ste 304
| Size |
| 626 SF |
| Space Use |
| Office/Retail |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Fl-Ste 104
| Size | 230 SF |
| Space Use | Office |
| Build-Out | - |
| Available | Now |
Suite 104: 230 SF ground level storage suite at $500/month, full-service
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3rd Fl-Ste 303
| Size | 778 SF |
| Space Use | Office |
| Build-Out | - |
| Available | Now |
Open layout with one (1) private office, Abundant natural light and move-in ready finishes
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3rd Fl-Ste 304
| Size | 626 SF |
| Space Use | Office/Retail |
| Build-Out | Full Build-Out |
| Available | Now |
Suite 304: Reception area with three (3) private offices, Abundant natural light
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
40/100
1 of 54
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
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Grove Executive Building | 7227 Broadway
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