For Sale
$8,417,000

850 District PlChula Vista, CA 91914

Chula Vista, CA: Prime Amazon Net Lease

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 199,069 square foot industrial property in Chula Vista, CA, currently leased to Amazon under a gross lease with a corporate guarantee. The property boasts a 100% occupancy rate, generating a strong net operating income (NOI) of $420,853, resulting in a 5.00% cap rate. The asking price is $8,417,000, translating to a land value of $42 per square foot. Situated on a 4.55-acre lot zoned Planned Community Zone (P-C), this mission-critical parking lot serves a nearby Amazon distribution center. The lease has approximately 1.4 years remaining (expiring April 1, 2026), with four lease options available. The property includes 161 parking spaces and benefits from its strategic location near major transportation arteries, including the SR-125 freeway, and proximity to the Chula Vista Bayfront Development Project. Significant redevelopment potential exists, given the property's location and current market conditions. This offering is ideal for a 1031 exchange. The property's location in the rapidly growing Eastlake submarket, near the Otay Mesa U.S./Mexico Port of Entry and a large retail center, further enhances its value and potential for future appreciation.

Highlights

  • Amazon-leased, 199,069 SF industrial property in Chula Vista, CA, with a corporate guarantee.
  • 100% occupancy, generating $420,853 NOI and a 5.00% cap rate; asking price: $8,417,000 ($42/SF land value).
  • 4.55-acre lot (Planned Community Zone), serving as a mission-critical parking lot for a nearby Amazon distribution center.
  • Lease expires April 1, 2026 (1.4 years remaining) with four options; 161 parking spaces; SR-125 freeway access; significant redevelopment potential.
  • Ideal 1031 exchange opportunity; located in the rapidly growing Eastlake submarket, near the Otay Mesa Port of Entry and a large retail center.

Property Details for 850 District Pl

Property type
Industrial properties, Distribution centers
Square Feet
199,069 SF
Lot Size (sq. ft)
198,198 SF

Location Insight

City
Chula Vista
County
San Diego
State
California
Latitude
32.6534876
Longitude
-116.9553582
850 District Pl, Chula Vista, California

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850 District Pl
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