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Main Photo: Property for sale: 7227 Broadway in Lemon Grove
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Status:
Active
Prop. Type:
Com-Off/Rtl/Ind
MLS® Num:
220026775
This building offers more than 15,000 sq feet of rentable office space. It has 2 store fronts and a diversity of tenants. Several tenants have short term leases allowing for future rent growth. The property is low maintenance and has no landscaping to maintain. Vacancy rates remain historically low. The building has a strong visible presence located on Broadway Ave and is visible to more than 20,000 cars daily. The freeway 94 & 125 is within close proximity to this property. This location provides a vast number of commercial businesses including companies like Chevron, Taco Bell, McDonald’s, Walgreens, Rite aid, AutoZone and many others.
Tenant pays:
Janitor, Trash, Water
Price Includes:
Building, Leases, Land
Lease per Sq Ft:
$183.17
Price Per SqFt:
190.0
Total Floor Area:
22,215 sq. ft.
Lot Size:
0.51 acre(s)
Lot Size Commercial:
.5 through .75 Acres
Stories:
4 Story
Num Stories:
4
County:
San Diego
Market Area:
East County
Name of Complex/Subdivision:
Grove Executive Building
Neighboring Business Types:
Phrmacy, Fast Food Restaurants, Gas Sttiuon, Liquor Store
Freeway 94 exit 7 Massachusetts go south and turn left on Broadway, property on the right.
Short Sale:
No
Listing Type:
Exclusive Right (R)
Zoning:
COMMERCIAL
Number of Buildings:
1
Number of Units:
22
Terms:
Cash, Cash to New Loan
Construction Material:
Frame, Stucco
Cooling:
Central Forced Air Elec
Heating:
Central Forced Air Elec
Roof:
Other/Remarks
Floor finish:
Wood
Sales Restrictions:
N/K
Parcel Number:
479-081-02-00
Cap Rate.:
6.76
Gross scheduled income:
305774.0
Operating expense:
96115
Existing Financing:
Conventional
Financial Information Source:
Owner
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Listed by Compass
Data was last updated April 2, 2023 at 01:10 AM (UTC)
Area Statistics
Listings on market:
17
Avg list price:
$1,250,000
Min list price:
$4,500
Max list price:
$3,600,000
Avg days on market:
177
Min days on market:
22
Max days on market:
880
Avg price per sq.ft.:
$108.18
These statistics are generated based on the current listing's property type and located in East County. Average values are derived using median calculations.
Fiona Theseira
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service, Inc. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego Multiple Listing Service, Inc.