5515 Market StSan Diego, CA 92114

This exceptional San Diego investment opportunity presents two single-story warehouse buildings totaling 19,000 square feet on a 52,000 square foot lot. Located at 5515 Market Street, San Diego, CA 92114, this property boasts a 3.63% cap rate and a strong net operating income (NOI) of $217,998. Currently 100% occupied by a tenant under a nearly net-net-net (NNN) lease, offering immediate cash flow. The property features two separate buildings on separate parcels, providing flexibility for owner-users to occupy one building while leasing the other. The secure, fenced yard adds to the property's appeal. Built in 1961, the buildings are zoned LL and offer dock-high loading. The asking price is $5,999,000, or $2,999,500 per unit, with a price per square foot of $315.74. This property is ideally suited for a 1031 exchange. The location benefits from the recent construction of newer light manufacturing buildings nearby. This is a rare opportunity to acquire a well-maintained, high-performing industrial asset in a desirable San Diego location.