850 District PlChula Vista, CA 91914

Property Details for 850 District Pl

Lot size

4.55 AC

Property size (Sq ft)

199,069 SF

Property type

Industrial properties

Property subtype

Other industrial properties

Description

This exceptional investment opportunity presents a 199,069 square foot industrial property in Chula Vista, CA, currently leased to Amazon under a gross lease with a corporate guarantee. The property boasts a 100% occupancy rate, generating a strong net operating income (NOI) of $420,853, resulting in a 5.00% cap rate. The asking price is $8,417,000, translating to a land value of $42 per square foot. Situated on a 4.55-acre lot zoned Planned Community Zone (P-C), this mission-critical parking lot serves a nearby Amazon distribution center. The lease has approximately 1.4 years remaining (expiring April 1, 2026), with four lease options available. The property includes 161 parking spaces and benefits from its strategic location near major transportation arteries, including the SR-125 freeway, and proximity to the Chula Vista Bayfront Development Project. Significant redevelopment potential exists, given the property's location and current market conditions. This offering is ideal for a 1031 exchange. The property's location in the rapidly growing Eastlake submarket, near the Otay Mesa U.S./Mexico Port of Entry and a large retail center, further enhances its value and potential for future appreciation.

Location Insight

City

Chula Vista

County

San Diego

State

California

Latitude

32.6535

Longitude

-116.955

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