5515 Market StSan Diego, CA 92114

  • Industrial properties
  • 10,080 SF
For Sale
$5,999,000 View listing

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.

5515 Market St, San Diego, California

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$11,742
$527,831
$424,130
$951,961
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