Log In/Sign Up
Your email has been sent.
Fite Plaza 8870-8878 La Mesa Blvd 11,120 SF 100% Leased Retail Building La Mesa, CA 91942 $6,100,000 ($548.56/SF) 4.76% Cap Rate
EXECUTIVE SUMMARY
The Bove Group proudly presents 8870-78 La Mesa Blvd, part of the Fite Plaza / Bel Arms ensemble — a fully leased, income-producing, mixed-use property with immediate cash flow, and significant value-add or redevelopment upside. The asset combines a 5-tenant retail building (11,120 SF) with a 10-unit apartment complex, all on 0.86 acres in one of East County’s most accessible and desirable locations.
The retail component generates stable cash flow from a diversified tenant roster, while the multifamily component offers upside through normalization of rents, interior upgrades, or repositioning. Because of the site’s compact footprint and location near major freeways and community amenities, a creative owner could explore infill or densification strategies. With limited new ground available in this submarket, this property represents a compelling opportunity to acquire a multi-layered real estate play in La Mesa.
The retail component generates stable cash flow from a diversified tenant roster, while the multifamily component offers upside through normalization of rents, interior upgrades, or repositioning. Because of the site’s compact footprint and location near major freeways and community amenities, a creative owner could explore infill or densification strategies. With limited new ground available in this submarket, this property represents a compelling opportunity to acquire a multi-layered real estate play in La Mesa.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
11,120 SF
Building Class
C
Year Built
2000
Price
$6,100,000
Price Per SF
$548.56
Cap Rate
4.76%
NOI
$290,173
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.62
Lot Size
0.41 AC
Zoning
C-D-MU - Commercial
Parking
12 Spaces (1.08 Spaces per 1,000 SF Leased)
Frontage
256’ on La Mesa Blvd
AMENITIES
- Bus Line
- Corner Lot
- Pylon Sign
- Signage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Services
- -
- -
-
Jan 0000
Classic Audio Repair, Inc. has been servicing San Diego 1994 . They are the premier servicer of classic and vintage audio from the 1950s to the 1980s. They also service a variety of modern home audio products. See the "What we service" section of their website for more information.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Services | - | - | Jan 0000 |
Walk Score®
Very Walkable (86)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 494-840-01 | Improvements Assessment | $538,685 |
| Land Assessment | $662,996 | Total Assessment | $1,201,681 |
PROPERTY TAXES
Parcel Number
494-840-01
Land Assessment
$662,996
Improvements Assessment
$538,685
Total Assessment
$1,201,681
1 of 30
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Fite Plaza | 8870-8878 La Mesa Blvd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.