6021 Business Center CtSan Diego, CA 92154

Property Details for 6021 Business Center Ct

Year built

2000

Lot size

1.18 AC

Property size (Sq ft)

7,875 SF

Zone code

COMMERCIAL

Property type

Retail properties

Property subtype

Retail space

APN

645-180-01-00

APU

6451800100

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $2,426,568

  6.5%

  $2,239,910

  7%

  $2,079,916

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,211,790

  Geo Method

  $6,984,844

• Alternative Use

  Use

  Valuation

  Residential

  $1,889,448

  Hospitality

  $1,730,724

  Educational

  $1,439,942

  Medical

  $1,489,464

  Retail

  $2,239,910

Location Insight

City

San Diego

County

San Diego

State

California

Latitude

32.5688

Longitude

-117.005

CBSA code

41740

CBSA name

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

Property Tax & Assessments

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