For Sale
$5,500,000

3727 El Cajon BlvdSan Diego, CA 92105

San Diego retail & storage, high NOI.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional San Diego investment property, located at 3727 El Cajon Boulevard, offers a compelling opportunity. The 31,500 square foot building boasts 23,081 square feet of net rentable space, currently generating a NOI of $273,355, representing a 4.97% cap rate. A pro-forma analysis projects a significant increase to an 8.20% cap rate and a NOI of $451,014, reflecting the potential for substantial rent growth. The five-story building, constructed in 1941, sits on a 0.37-acre lot (16,175 square feet) and includes 10 parking spaces. The property features a 10-foot ceiling height and is zoned CUPD-CU-2-4 (Commercial), allowing for diverse uses. Currently operating as a multi-tenant retail and self-storage facility, the property benefits from its strong El Cajon Boulevard location, high visibility, and excellent traffic counts within a rapidly developing neighborhood. The property also includes two cell phone antennas, valued at $1,941,000, which are included in the $5,500,000 asking price. The seller is open to selling the antennas separately. This presents a rare opportunity to acquire a well-located, income-producing asset with significant upside potential in a thriving San Diego neighborhood. The property's existing tenants pay below-market rent, and the landlord does not charge for CAMs, providing further upside potential. The building's versatility allows for a multitude of uses, from creative studios to storage with retail frontage. Three-phase power is available. The property's APN is 447-260-03-00.

Highlights

  • Rare investment opportunity in North Park, San Diego.
  • Significant upside potential due to below-market rents and no CAM charges.
  • Excellent location on El Cajon Boulevard with high visibility and traffic counts in a rapidly developing area.
  • Versatile building suitable for various uses, including creative studios and retail/storage.
  • 0.37-acre lot (16,175 sq ft).
  • Three-phase power available.

Property Details for 3727 El Cajon Blvd

Property type
Retail properties, Self storage facilities
Square Feet
31,500 SF
Year Built
1941
Stories
5
Lot Size (sq. ft)
16,117 SF

Location Insight

City
San Diego
County
San Diego
State
California
Latitude
32.7550025
Longitude
-117.1129475
3727 El Cajon Blvd, San Diego, California

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3727 El Cajon Blvd
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