For Sale
$3,995,000

6021 Business Center CtSan Diego, CA 92154

San Diego Grocery Store, Fee Simple

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 7,875-square-foot, single-tenant grocery store building in San Diego, CA. Located at 6021 Business Center Ct, 92154, this fee-simple property sits on a 1.18-acre lot (51,400 sq ft) and boasts 63 parking spaces. The building, constructed in 2006, features a 100% occupancy rate with a current tenant, GTM, under a lease expiring February 28, 2024. The property offers a strong net operating income (NOI) of $173,855, resulting in a 4.35% cap rate and a price per square foot of $507.30. The asking price is $3,995,000. The property benefits from its prime location adjacent to the San Ysidro DMV office and the entrance to the Ocean View Hills Corporate Center, a significant advantage given Otay Mesa's status as a major commercial land border crossing. The building is well-maintained, with no deferred maintenance, and enjoys excellent visibility due to its location at a signalized intersection with double left-turn lanes. The permitted zoning is OMDD - INDUST-SUBD. This offering represents a rare chance to acquire a well-positioned, high-performing retail asset in a thriving commercial area. The property's former configuration included coolers, equipment, and two fully built-out quick-service restaurant spaces.

Highlights

  • 2006 construction, excellent condition, no deferred maintenance.
  • High-traffic location adjacent to a busy DMV serving ~1,000 daily customers.
  • Exclusive retail opportunity within the 87-acre Ocean View Hills Corporate Center.

Property Details for 6021 Business Center Ct

Property type
Retail properties, Grocery and convenience stores
Square Feet
7,875 SF
Year Built
2006
Buildings
1
Stories
1
Units
1

Location Insight

City
San Diego
County
San Diego
State
California
Latitude
32.5682889
Longitude
-117.00549717
6021 Business Center Ct, San Diego, California

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6021 Business Center Ct
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