5475 Grossmont Center DrLa Mesa, CA 91942

Property Details for 5475 Grossmont Center Dr

Year built

2001

Lot size

1.09 AC

Property size (Sq ft)

11,621 SF

Zone code

COMMERCIAL

Property type

Retail properties

Property subtype

Retail space

APN

490-260-48-00

APU

4902604800

Description

Grossmont Plaza II, located at 5475 Grossmont Center Drive in La Mesa, California (zip code 91942), presents a compelling retail investment opportunity. This shopping center boasts a prime location within the bustling Grossmont Center Shopping Area, experiencing an impressive 10.7 million annual visits. The property is classified as a multi-tenant retail space of the Shopping Center subtype, with a total of 190 parking spaces available for customer convenience. Currently, there is 7,588 square feet of vacant space, including one immediately available unit of 3,828 square feet, ideal for a variety of retail uses. The high traffic intersection of Grossmont Center Drive (26,743 Average Daily Traffic - ADT) and Murray Drive (6,414 ADT) ensures significant visibility and accessibility for businesses operating within the center. Situated in San Diego County, this property offers a strong foundation for growth and profitability within a well-established and high-traffic retail environment. The property's strategic location and high foot traffic make it an attractive option for businesses seeking a prominent presence in the thriving La Mesa market. Further details regarding lease terms and available spaces are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $3,580,845

  6.5%

  $3,305,395

  7%

  $3,069,296

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,739,582

  Geo Method

  $10,307,413

• Alternative Use

  Use

  Valuation

  Residential

  $2,788,224

  Hospitality

  $2,553,999

  Educational

  $2,124,897

  Medical

  $2,197,976

  Retail

  $3,305,395

Location Insight

City

La Mesa

County

San Diego

State

California

Latitude

32.7787

Longitude

-117.006

CBSA code

41740

CBSA name

SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].