Suites 200 - 400 | Fresh 10-year NNN Lease | FOR SALE

6225 Progressive Avenue, Suite 200-400 San Diego, CA

$2,550,000

Price

5.44%

Cap Rate

$138,812

NOI

Gallery
Street
Map
Overview
Cap Rate
5.44%
NOI
$138,812
Average Cap Rate
6.61%
Building Size
9,121 sqft
Lease Type
Absolute Net
Year Built
2006
Price Per Sqft
$279.57
Highlights
  • MANUFACTURING AND DISTRIBUTION CANNABIS PERMITS – Lessee has received permits to process and distribute cannabis products that are tied this specific address.
  • FRESH 10-YEAR NNN LEASE WITH 3.5% YEARLY INCREASES – Lease rate is directly in line with Industrial Market rental rates in the area with 3.5% annual increases to track inflation.
  • STRATEGIC DISTRIBUTION LOCATION – Subject property is well located with easy access to the 905/805 and 905/5 Freeway Corridors, with strategic positioning for cross border trade businesses that have caused the area a drastic increase in demand. With relatively new construction and top tier HOA care, the property provides financial and physical stability for new ownership, with minimal management requirements.
Documents
Title
Offering Memorandum
* Documents permissions are set by the listing owner, request information to access locked documents.
Location
Gallery