mission gorge road -...
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7973-8009
Miss ion Gorge Road
S a n D i e g o , C A
Brendan WilkesAssociate [email protected] # 01989504
Mark Silverman, SIORExecutive Vice President619.241.2336 [email protected] #00899837
For More Information
NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE ACCURACY OF THE INFORMATION CONTAINED HEREIN, AND THE SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING, OR WITHDRAWAL WITHOUT NOTICE, AND OF ANY SPECIAL LISTING CONDITIONS IMPOSED BY OUR PRINCIPALS NO WARRANTIES OR REPRESENTATIONS ARE MADE AS TO THE CONDITION OF THE PROPERTY OR ANY HAZARDS CONTAINED THEREIN ARE ANY TO BE IMPLIED.
123 Camino de la Reina Suite 200 SouthSan Diego, CA 92108 619 497 2255naisandiego.com
TABLE OFCONTENTS
PROPERTY OVERVIEW
SALE COMPARABLES
12
Address 7973-8009 Mission Gorge RoadSan Diego, CA 92071
Price $1,550,000
Property Multi-tenant Retail/Office Buildings
Gross Leaseable Space 6,708 SF
Year Built 1960’s
Lot Size 26,571 SF
Current Annualized Rent $71,454
Price per SF $231.07/sf
APN 383-260-80-00
Zoning GG - City of Santee
Property Overview
7973-8009 Mission Gorge Road has approximately 6,708 square footage of building area. The property is located on a 26,571 sf parcel. Currently, there are five tenants occupying the property with interest from El Ranchero Mexican Food to expand into suites 7873 A & B. The property has upside potential by completing upgrades, increasing rents and leasing up vacancy.
Suite Tenant Square Feet Rent/Month Rent/Sqft Lease Type Leese Expiration 7973 A Vacant 740 7973 B Vacant 9008001 1
El Rancho Mexican Food
1,560 $2,921 $1.87 Gross 3/31/22
8003 2
Big Rock Barber Shop
821 $821 $1.00 Gross 3/31/22
8005 3 Diva Nails and Spa 617 $800 $1.30 Gross 9/30/178007 A Vacant 6908007 B 4 Dakines’ Catering 690 $862.50 $1.25 Gross 3/31/208009 5 Cosmic Frog Pho-
tography 690 $550 $0.80 Gross 7/31/17
Rent Survey
Mission Gorge Road
Subject Property
• Multi-tenant Retail/Office
• Below replacement cost
• Potential reposition with retail upside
• Great visibility (31,000 CPD) on major thoroughfare
• 1.5 miles to Grossmont College (18,000 Students)
Submarket: La Mesa Buyer: Duyet & Lisa Quyen Tran
Sale Price: $1,385,000 Seller: Nina Oshana
Year Built: 1972 Building Size: 8,446 SF
Sale Date: 7/11/2016 Land Area: .59 Acres
Price PSF: $163.98 % Improved: 46.6%
5555 Jackson DriveLa Mesa, CA 91942
Submarket: El Cajon Buyer: Bath Fitter
Sale Price: $1,125,000 Seller: Units Contractor Supplies
Year Built: 1960 Building Size: 5,520 SF
Sale Date: 1/23/2017 Land Area: .32 Acres
Price PSF: $203.80 % Improved: N/A
221 N Johnson AveEl Cajon, CA 92020
Submarket: El Cajon Buyer: Salam Razuki
List Price: $3,190,772 Seller: Nicolas Haritatos
Year Built: 1986 Building Size: 9,343 SF
Sale Date: 6/28/2016 Land Area: 1.51 Acres
Price PSF: $341.51 % Improved: N/A
1558 N Magnolia AveEl Cajon, CA 92020
Submarket: East County Buyer: Juma S Elajou
Sale Price: $1,856,783 Seller: White Family Trust
Year Built: 1954 Building Size: 5,270 SF
Sale Date: 3/9/2017 Land Area: .34 Acres
Price PSF: $352.33 % Improved: N/A
8939 La Mesa BlvdLa Mesa, CA 91942
SALE COMPARABLES
5
Submarket: East County Buyer: Hunter Insurance
List Price: $1,125,000 Seller: Orin W. & Janette Baertsch
Year Built: 1983 Building Size: 6,495 SF
Sale Date: 12/27/2016 Land Area: .33 Acres
Price PSF: $173.21 % Improved: N/A
9855 Prospect AveSantee, CA 92071
Brendan WilkesAssociate
Lic #01989504
Mark Silverman, SIORExecutive Vice President
619.241.2336 [email protected]
Lic #00899837
For more information please contact:
123 Camino de la Reina | Suite 200 SSan Diego, CA 92108 | USA
619 497 2255 | www.naisandiego.com