Fite Plaza | La Mesa Mixed-Use
$5,900,000
8870-78 La Mesa Boulevard, La Mesa, CA 91942
5.03
Cap Rate
296,797
NOI
Details:
Highlights:
- Full Occupancy
- Value-Add
- Diverse Tenant Mix
- Excellent Visibility
- Open & Inviting
- Strategic Locale
Description:
Fite Plaza
La Mesa Mixed-Use
Unique 15-Unit Investment in the Heart of La Mesa
Fite Plaza is a 15-unit mixed-use investment opportunity ideally positioned in the heart of La Mesa’s thriving village corridor. Surrounded by walkable amenities, transit access, and a strong local tenant base, it represents an exceptional long-term investment in one of East County’s most desirable submarkets. – Offered at $5,900,000
The Bove Group proudly presents 8870-78 La Mesa Blvd, part of the Fite Plaza / Bel Arms ensemble — a fully leased, income-producing, mixed-use property with immediate cash flow, and significant value-add or redevelopment upside. The asset combines a 5-tenant retail building (11,300 SF) with a 10-unit apartment complex, all on ~0.74 acres in one of East County’s most accessible and desirable locations.
The retail component generates stable cash flow from a diversified tenant roster, while the multifamily component offers upside through normalization of rents, interior upgrades, or repositioning. Because of the site’s compact footprint and location near major freeways and community amenities, a creative owner could explore infill or densification strategies. With limited new ground available in this submarket, this property represents a compelling opportunity to acquire a multi-layered real estate play in La Mesa.
Documents:
| Title | ||
|---|---|---|
|
Offering Memorandum
|
Location
Gallery
