4567 Federal BlvdSan Diego, CA 92102
- Industrial properties
- 42,253 SF
Property Details for 4567 Federal Blvd
- Year built
- 1969
- Lot size
- 1.95 AC
- Property size (Sq ft)
- 42,253 SF
- Zone code
- INDUSTRIAL (M ZONE)
- Property type
- Industrial properties
- Property subtype
- Manufacturing properties
- APN
- 541-611-30-00
- APU
- 5416113000
Description
This exceptional 41,249-square-foot industrial distribution warehouse, located at 4567 Federal Blvd in San Diego, CA 92102, presents a compelling investment opportunity. The property, built in 1970 and situated on a 1.9-acre lot (APN 541-611-30), is currently 100% leased to Action Gypsum Supply West, a leading building materials supplier, under a NNN lease expiring August 31, 2028 (3.8 years remaining). The lease includes one five-year option at fair market value. The building features 6 loading docks, a 20-foot ceiling height, and is zoned IL-2-1. Its prime location offers easy access to major freeways (I-5, I-805, I-15, and CA-94), placing it strategically within San Diego's East City submarket. The property benefits from its adjacency to a recently constructed, large distribution center, and enjoys a current rent 20% below market rates, presenting significant future upside potential. The strong demand for industrial space in this supply-constrained submarket (approximately 2.2% vacancy) further enhances the investment appeal. The fenced and secured site includes outdoor staging and storage areas. This core+ investment offers a stable income stream backed by a reputable tenant with a significant western US presence.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $10,137,755
- Hospitality
- $9,286,129
- Educational
- $7,725,950
- Medical
- $7,991,658
- Retail
- $12,018,145
Location Insight
- City
- San Diego
- County
- San Diego
- State
- California
- Latitude
- 32.7208
- Longitude
- -117.096
- CBSA code
- 41740
- CBSA name
- SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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