3727 El Cajon Blvd San Diego, CA 92105

Property Details for 3727 El Cajon Blvd

Year built

1941

Lot size

0.37 lot acres

Property size

31,500 SF

Property type

Retail properties

Property subtype

Self storage facilities

Description

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.

Location Insight

City

San Diego

County

San Diego

State

California

Longitude

-117.113

Latitude

32.755