For Sale
$5,999,000

5515 Market StSan Diego, CA 92114

San Diego industrial warehouse, high occupancy.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional San Diego investment opportunity presents two single-story warehouse buildings totaling 19,000 square feet on a 52,000 square foot lot. Located at 5515 Market Street, San Diego, CA 92114, this property boasts a 3.63% cap rate and a strong net operating income (NOI) of $217,998. Currently 100% occupied by a tenant under a nearly net-net-net (NNN) lease, offering immediate cash flow. The property features two separate buildings on separate parcels, providing flexibility for owner-users to occupy one building while leasing the other. The secure, fenced yard adds to the property's appeal. Built in 1961, the buildings are zoned LL and offer dock-high loading. The asking price is $5,999,000, or $2,999,500 per unit, with a price per square foot of $315.74. This property is ideally suited for a 1031 exchange. The location benefits from the recent construction of newer light manufacturing buildings nearby. This is a rare opportunity to acquire a well-maintained, high-performing industrial asset in a desirable San Diego location.

Highlights

  • 19,000 SF of warehouse space on a 52,000 SF lot in San Diego, CA.
  • 3.63% cap rate and $217,998 NOI.
  • 100% occupied with a NNN lease, providing immediate cash flow.
  • Two separate buildings on separate parcels, offering owner-user flexibility.
  • Secure, fenced yard; dock-high loading; LL zoning.
  • Asking price: $5,999,000 ($315.74/SF, $2,999,500 per unit).

Property Details for 5515 Market St

Property type
Warehouses, Industrial properties
Square Feet
19,000 SF
Year Built
1961
Buildings
2
Stories
1
Units
2

Location Insight

City
San Diego
County
San Diego
State
California
Latitude
32.7097749
Longitude
-117.0776616
5515 Market St, San Diego, California

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5515 Market St
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