Industrial Condo in San
1534 Santiago Ridge Way San Diego, CA 92154
1534 Santiago Ridge Way, San Diego, CA, 92154
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For Sale
Contact for pricing
2,183 SF industrial condo with roll-up door for sale.
Property Size2,183 SF
Price / SF$316.08
Days on Market66
Property Features for 1534 Santiago Ridge Way
General Information
- Standard status
- Active
- Size
- 2,183 SF
- Property subtype
- Industrial
Listing Agency
Colliers - Los Angeles - La Jolla, California
Listed by
Chuck Wasker · License #CA
Source
Crexi
Added: May 13 Checked: Jul 15 at 8:06 pm
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 Colliers - Los Angeles - La Jolla, California
Investment Insights
Based on property information with market context.
This industrial condominium, situated within a well-maintained industrial park in San Diego, offers 2,183 square feet of cold shell space. The property is plumbed for a restroom and HVAC system. It features a private entrance, a sprinkler system, and a rear roll-up door with dimensions of 12' X 10'. Parking is available at a rate of 2.5 spaces per 1,000 square feet. The property is currently vacant.
Key Highlights
- Located in a well‑kept industrial park in San Diego.
- 2,183 square feet of cold shell space.
- Great parking with 2.5 spaces per 1,000 square feet.
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $52.4k | $24.00 |
| − Vacancy | −$5.2k | −$2.40 |
| EGI | $47.2k | $21.60 |
| − OpEx | −$16.5k | −$7.56 |
| NOI | $30.6k | $14.04 |
2,183 SF · lease $24.00/SF/yr · vacancy 10.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$437.8K
$383.1K – $510.8K
NOI $30,649 @ 7.0% cap · market cap 4.44%
Second Best
Industrial
$356.8K
$312.2K – $416.3K
NOI $24,975 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$781.4K
$683.7K – $911.6K
NOI $54,697 @ 7.0% cap · market cap 7.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Baba Foods — 8765 Dead Stick Rd, San Diego, CA 92154
FAQs
What type of property is this?
Flex space - 2,183 SF industrial condo with roll-up door for sale.
Where is this flex space located?
The property is located at 1534 Santiago Ridge Way San Diego, CA.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: Located in a well‑kept industrial park in San Diego.; 2,183 square feet of cold shell space.; Great parking with 2.5 spaces per 1,000 square feet.
