12233-12247 Woodside Ave Lakeside, CA 92040

Property Details for 12233-12247 Woodside Ave

Year built

1968

Property size

9,600 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional investment opportunity presents a 9,600 square foot multi-tenant property situated on a sizable 0.81-acre lot (35,284 sq ft) in Lakeside, California. The property comprises two buildings, constructed in 1968, featuring approximately 5,600 square feet of multi-tenant retail space and a 4,000 square foot metal free-span automotive/industrial building. Currently boasting eight tenants, including a well-established local brewery and other diverse businesses, the property offers strong potential for increased occupancy. The retail building received a new TPO roof in 2020, complete with a ten-year manufacturer's warranty, and the parking lot has been recently restriped and resealed. The auto repair portion includes a fenced storage yard with two drive-around access gates. This NNN net lease property, zoned C36, offers a compelling 5.70% cap rate with a current NOI of $145,255 and an asking price of $2,550,000 ($265.62/sq ft). A clean Phase 1 environmental report is available. This prime location on Woodside Avenue, a bustling commercial district, ensures high visibility and accessibility, making it an ideal investment for discerning buyers seeking a diversified, income-producing asset in a thriving California market. The property's strong tenant mix and recent improvements contribute to its exceptional value and potential for future growth.

Location Insight

City

Lakeside

County

San Diego

State

California

Longitude

-116.927

Latitude

32.8566