For Sale
$10,500,000

22 35Th StNational City, CA 91950

High-yield NNN medical office, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a two-story, 19,717-square-foot medical office building located at 22 W 35th St, National City, CA 91950. The property sits on a 0.96-acre lot (approximately 41,817 square feet) and boasts a strong 7.48% cap rate with a Net Operating Income (NOI) of $785,643. Currently 100% occupied under a triple-net (NNN) lease, this multi-tenant building offers significant long-term stability. Built in 1974 and extensively renovated in 2008 and 2024, the property features an elevator (installed 2009), 30 HVAC units, and ample parking (approximately 69 spaces, a 4.42 per 1,000 square feet ratio), including a solar parking canopy with charging stations. The building is zoned CS-Service Commercial and features an APN of 562-310-72-00. The asking price for this prime medical office investment is $10,500,000. This is a rare opportunity to acquire a high-performing, well-maintained medical office building in a desirable location with significant upside potential. The property's recent renovations and strong tenant occupancy ensure a secure and profitable investment for years to come.

Highlights

  • $10,500,000 asking price for this medical office building.
  • 19,717 square foot, multi-tenant medical office building.
  • 7.48% cap rate with a $785,643 net operating income (NOI).
  • 100% occupancy with a triple-net (NNN) lease.

Property Details for 22 35Th St

Property type
Office properties, Medical offices
Square Feet
19,717 SF
Year Built
1974
Buildings
1
Stories
2
Lot Size (sq. ft)
41,818 SF

Location Insight

City
National City
County
San Diego
State
California
Latitude
32.6499155
Longitude
-117.0975213
22 35Th St, National City, California

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22 35Th St
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