For Sale
$3,800,000

1100 2Nd StEl Cajon, CA 92021

14-Unit Office Building, 100% Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 14-unit office building, located at 1100 N 2nd St, El Cajon, CA 92021, presents a compelling investment opportunity. The property boasts a total of 13,000 square feet and is currently 100% occupied, generating a strong income stream under a gross lease structure. The building features numerous long-term tenants, ensuring consistent cash flow. Recent improvements significantly enhance the property's value and appeal. These upgrades include a completely renovated lobby with new tile flooring and fresh paint throughout the common areas. Exterior painting and the replacement of most HVAC units within the past few years further demonstrate the commitment to meticulous maintenance. The building's pristine condition makes it one of the cleanest office buildings in El Cajon. This turnkey investment is ideal for buyers seeking a secure, high-performing asset in a desirable San Diego County location. The asking price is $3,800,000, representing a 4.58% capitalization rate. This property offers a rare opportunity to acquire a well-maintained, income-producing asset with a strong tenant base in a thriving market. The building's location in El Cajon provides easy access to major transportation routes and amenities. This is a truly exceptional opportunity for a savvy investor seeking a stable and profitable investment.

Highlights

  • $3,800,000 asking price.
  • 13,000 square foot Traditional Office building.
  • Gross lease, multi-tenant occupancy at 100%.
  • Located at 1100 N 2nd St, El Cajon, CA 92021.
  • 14-unit building with long-term tenants.
  • Recently renovated with upgrades including lobby tile, paint, and HVAC.

Property Details for 1100 2Nd St

Property type
Office properties
Square Feet
13,000 SF

Location Insight

City
El Cajon
County
San Diego
State
California
Latitude
32.8099433
Longitude
-116.9360044
1100 2Nd St, El Cajon, California

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1100 2Nd St
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