Lakeside Shopping Center Retail
For Sale
Contact for pricing
9720-9769 Winter Gardens Blvd Portfolio, Lakeside, CA
Four retail properties in Lakeside shopping center, 95% occupied.
Property Size59,736 SF
Lot Size1.49 Acres
Price / SF$331.46
Days on Market784
Property Features for 9720-9769 Winter Gardens Blvd Portfolio
General Information
Standard status
Active
Size
59,736 SF
Lot size
1.49 Acres
Property subtype
RETAIL
Listing Agency:
SRS Industrial - Newport Beach
(949) 698-1100
Listed By:
Pat Kent
(949) 230-2029
Source:
Moodyscre
Added: Sep 5, 2024
Changed: Oct 26
Last Checked: Oct 26 at 1:09PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Industrial - Newport Beach
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
A portfolio consisting of four retail properties within the Central Lakeside Shopping Center is available. The shopping center is currently 95% occupied and features a diverse mix of established corporate tenants. The property encompasses a total area of 59736 square feet.
Key Highlights
- 95% Occupancy Rate
- Part of Central Lakeside Shopping Center
- Four Retail Properties Included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$938,333
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$18,766,660
$18.8M
Cap Rate 7%
$13,404,757
$13.4M
Cap Rate 9%
$10,425,922
$10.4M
Market Conditions
NOI Build-Up for 59,736 SF
Gross rent
$1.43M $24.00/SF
− Vacancy
−$93.2K −$1.56/SF
EGI
$1.34M $22.44/SF
− OpEx
−$402.1K −$6.73/SF
NOI
$938.3K $15.71/SF
Area
San Diego County, CA
Vacancy
6.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$18,766,660
Cap Rate 7%
$13,404,757
Cap Rate 9%
$10,425,922
Alternative Uses
Best Use
Retail
$13.40M
$11.73M – $15.64M
NOI $938,333 @ 7.0% cap · market cap 4.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$27.37M
$23.95M – $31.93M
NOI $1,915,834 @ 7.0% cap · market cap 9.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
957
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- Coinstar Kiosk | Bitcoin ATM — Albertsons, 9560 Winter Gardens Blvd, Lakeside, CA 92040
- Central Lakeside Shopping Center — 9740 Winter Gdns Blvd, Lakeside, CA 92040
- Lakeview Village Center — 12346 Woodside Ave, Lakeside, CA 92040
- River Shopping Center — River Shopping Center, 10199 Riverford Rd, Lakeside, CA 92040
Frequently Asked Questions
What type of property is this?
Shopping center - Four retail properties in Lakeside shopping center, 95% occupied.
Where is this shopping center located?
The property is located at 9720-9769 Winter Gardens Blvd Portfolio Lakeside, CA.
What is the asking price?
The asking price for this property is $19,800,000.
What are key features of this property?
This property features: 95% Occupancy Rate; Part of Central Lakeside Shopping Center; Four Retail Properties Included
