5515 Market StSan Diego, CA 92114
- Industrial properties
- 10,080 SF
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
- Industrial properties
- Property subtype
- Other 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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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