5515 Market StSan Diego, CA 92114

Property Details for 5515 Market St

Year built

1961

Lot size

0.84 AC

Property size (Sq ft)

10,080 SF

Zone code

INDUSTRIAL (M ZONE)

Property type

Warehouses

APN

548-070-31-00

APU

5480703100

Description

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.

Location Insight

City

San Diego

County

San Diego

State

California

Latitude

32.7099

Longitude

-117.078

CBSA code

41740

CBSA name

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

Property Tax & Assessments

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