8157-8159 W Wing Ave 15,000 SF 100% Leased Industrial Building El Cajon, CA 92020 $5,400,000 ($360/SF) 8.07% Cap Rate

Marcus & Millichap is pleased to present 8157-8159 W Wing Avenue in El Cajon, California. This 15,000-square-foot property is an industrial warehouse and distribution building, currently leased in full to Outco. Outco is a fully licensed, legally operating marijuana dispensary that also grows, cultivates, and conducts lab work for product development.
Outco has been a tenant since 2014, initially occupying half of the building and expanding to the entire space in 2017. The significant build-out completed by the tenant allows the property to command above-market rental rates within the submarket. Outco is currently on a month-to-month lease, with a draft 10-year extension under preliminary review. This extension would maintain the current rental rate through 2025, followed by 3% annual increases thereafter.
Strategically located with convenient access to Highways 52 and 67, the property features six roll-up doors to accommodate a range of industrial uses. Additionally, it is adjacent to Gillespie Field Airport, which plans to add new hangars across W Wing Avenue. This proximity to the airport positions the property favorably for future growth and potential expansion within the area.