12239 Woodside Ave Lakeside, CA 92040
- Retail properties
- 4,000 SF
Current Use by Public Records
- RT Auto Center / Auto Repair Shop
- Lakeside Collision Auto Center / Auto Body Shop
Property Details for 12239 Woodside Ave
- Property size
- 4,000 SF
- Property type
- Retail properties
- Property subtype
- Auto shops
Description
This exceptional opportunity presents a fully operational, turn-key auto collision center in Lakeside, California. Located at 12239 Woodside Ave, 92040, this single-story, Class B retail property sits on a 5,000-10,000 square foot lot and offers 4,000-5,000 square feet of well-equipped space. The asking price is $450,000, with a strong Net Operating Income (NOI) of $375,000. The property is zoned for industrial use and operates under a NNN lease with a ground lease in place. The current lease has 5 years remaining, plus three 5-year options. Monthly rent is $6,350, including triple net expenses, with a 2-3% annual increase. The business has been operating successfully for five years, generating approximately $800,000 in annual sales with a net profit averaging $35,000 per month. The center is equipped with a large paint booth, frame machine, and specialized equipment for repairing large vehicles, including aluminum welding and spot welding capabilities. Equipment and paint system investments total approximately $325,000. The business employs 7-8 full-time employees with a monthly payroll of $26,000-$27,000 and additional monthly expenses of $1,000-$1,500. This established business boasts a loyal customer base and strong relationships with insurance companies, providing a solid foundation for continued growth and profitability. This is an owner/user investment opportunity.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lakeside
- County
- San Diego
- State
- California
- Longitude
- -116.927
- Latitude
- 32.8562
