3727 El Cajon BlvdSan Diego, CA 92105

This exceptional San Diego investment property, located at 3727 El Cajon Boulevard, offers a compelling opportunity. The 31,500 square foot building boasts 23,081 square feet of net rentable space, currently generating a NOI of $273,355, representing a 4.97% cap rate. A pro-forma analysis projects a significant increase to an 8.20% cap rate and a NOI of $451,014, reflecting the potential for substantial rent growth. The five-story building, constructed in 1941, sits on a 0.37-acre lot (16,175 square feet) and includes 10 parking spaces. The property features a 10-foot ceiling height and is zoned CUPD-CU-2-4 (Commercial), allowing for diverse uses. Currently operating as a multi-tenant retail and self-storage facility, the property benefits from its strong El Cajon Boulevard location, high visibility, and excellent traffic counts within a rapidly developing neighborhood. The property also includes two cell phone antennas, valued at $1,941,000, which are included in the $5,500,000 asking price. The seller is open to selling the antennas separately. This presents a rare opportunity to acquire a well-located, income-producing asset with significant upside potential in a thriving San Diego neighborhood. The property's existing tenants pay below-market rent, and the landlord does not charge for CAMs, providing further upside potential. The building's versatility allows for a multitude of uses, from creative studios to storage with retail frontage. Three-phase power is available. The property's APN is 447-260-03-00.