4567 Federal Blvd, San Diego, CA 92102
- Manufacturing properties
- 42,253 SF
- 1.95 lot acres
Current Use by Public Records
- Great Western Building Materials / Warehouse & Storage
- Action Gypsum Supply / Building Supply / Industrial Manufacturer
Property Details for 4567 Federal Blvd
- Year built
- 1969
- Lot size
- 1.95 lot acres
- Zone code
- INDUSTRIAL (M ZONE)
- Property type
- Manufacturing properties
- APN
- 541-611-30-00
- APU
- 5416113000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 5, 2024 | $9,350,000 | Lone Oak San Diego IV LLC | 4567 Federal LLC | Grant Deed | — |
| Apr 2, 2018 | — | Benson Enterprises LLC | — | Deed · related | $1.9M · Wells Fargo Bank NA |
| Dec 13, 2004 | $231,090 | Benson Trust | Squires-belt Material | Grant Deed | — |
| Dec 13, 2004 | $1,030,000 | Benson Ents LLC | Squires-belt Material | Grant Deed | — |
| Jul 29, 2003 | — | Squires-belt Material Co | Tod-bec Enterprises LLC | Grant Deed · related | — |
| Jul 31, 1998 | $2,200,000 | Tod-bec Enterprises LLC | Junita Klingler Trustee | Grant Deed | $1.3M · Scripps Bank |
| — | — | Tod-bec Enterrises LLC | — | Deed Of Trust · related | $250k · California Bank & Trust |
| — | — | Tod-bec Enterprises LLC | — | Deed Of Trust · related | $1.3M · California Bank & Trust |
| — | — | Tod-bec Enterprises LLC | — | Deed Of Trust · related | $1M · America's Body Co INC |
| — | — | Tod-bec Enterprises LLC | — | Deed Of Trust · related | $750k · Us Small Business Admn |
| — | — | Benson Enterprises LLC | — | Deed Of Trust · related | $2.4M · Bank Of The West |
Description
This exceptional 41,249-square-foot industrial distribution warehouse, located at 4567 Federal Blvd in San Diego, CA 92102, presents a compelling investment opportunity. The property, built in 1970 and situated on a 1.9-acre lot (APN 541-611-30), is currently 100% leased to Action Gypsum Supply West, a leading building materials supplier, under a NNN lease expiring August 31, 2028 (3.8 years remaining). The lease includes one five-year option at fair market value. The building features 6 loading docks, a 20-foot ceiling height, and is zoned IL-2-1. Its prime location offers easy access to major freeways (I-5, I-805, I-15, and CA-94), placing it strategically within San Diego's East City submarket. The property benefits from its adjacency to a recently constructed, large distribution center, and enjoys a current rent 20% below market rates, presenting significant future upside potential. The strong demand for industrial space in this supply-constrained submarket (approximately 2.2% vacancy) further enhances the investment appeal. The fenced and secured site includes outdoor staging and storage areas. This core+ investment offers a stable income stream backed by a reputable tenant with a significant western US presence.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $8,330,000
- 6.5%
- $7,690,000
- 7%
- $7,140,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $9,047,000
Market price range: $9.05M - $35.4M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- San Diego
- County
- San Diego
- State
- California
- Longitude
- -117.096
- Latitude
- 32.7208
- CBSA code
- 41740
- CBSA name
- SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA
