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7686 Miramar Rd

San Diego, CA 92126
  • $3,825,000
  • STATUS: Active
  • ON SITE: 65 Days
  • ID#: 220019516SD
UPDATED: 77 min ago
$3,825,000
  • 0
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial-Lease
Built:
1983
County:

School Ratings & Info

Listing Agent(s): Lesha Montoya of Pacific Coast Commercial (619-469-3600)


Description

Investor's dream with true NNN and no expenses to owner. Tenant has been in building for 6 years and signed a NNN lease for 10 years with 3% annual increases during the middle of COVID. This is their second location. Tenant has upgraded the suite entrance and facade, added a outside fenced in dog run, and is adding a commercial dog wash station. The building has silicone coated floors, skylights, two upper mezzanines for office or storage uses (approx. and add'l +/- 1,080 SF may or may not be permitted) a sprinkler system (certified by fire dept) and HVAC run throughout building, including both mezzanines. There are two roll up doors, 1 loading dock, 18' clearance, and a 16' drop ceiling, floor drains, plumbing throughout, 600 amps, separately metered for two suites A & B, although currently used as single congruent unit for 24 hr Dog Daycare facility. The Industrial Park is located at Miramar Rd across from Miramar Memorial Golf Course and building sits to the north end of the Hannah Gillard Center as 1 of 8 buildings. Tenant has 9 years remaining on lease yield an average of $215,073.33/YR + NNN ($21.77/SF/YR & $1.81SF/Month) for an average of a 5.6 CAP RATE. They have an above market rate lease including this initial year to buyer at $1.61/SF plus NNN ranging to $2.04/SF + NNN in year 9. The lease is personally guaranteed by tenants who have an impeccable record to date. Tenant handles all HOA fees directly. GREAT 1031 UPLEG FOR YOUR INVESTOR!!! 3 Star Flex Industrial Building 100% Leased!! Tenant has 9 years remaining on lease yield an average of $215,073.33/YR + NNN ($21.77/SF/YR & $1.81SF/Month) for an average of a 5.6 CAP RATE. They have an above market rate lease including this initial year to buyer at $1.61/SF plus NNN ranging to $2.04/SF + NNN in year 9. The lease is personally guaranteed by tenants who have an impeccable record to date. Tenant handles all HOA fees directly. Mira Mesa/Miramar Submarket. This area is a hard one to get into with buildings rarely coming up for sale. Six of the 8 in PID are owner users. This multi-tenant building is secured with a long term signed tenant and should have interest for years to come. There are two roll up doors, 1 loading doc, 18' clearance, and a 16' drop ceiling, floor drains, plumbing throughout, 600 amps, separately metered for two suites A & B, although currently used as single congruent unit for 24 hr Dog Daycare facility. The Industrial Park is located at Miramar Rd across from Miramar Memorial Golf Course and building sits to the north end of the Hannah Gillard Center as 1 of 8 buildings. Cooling: Central Forced Air Elec

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-10-01T08:27:42.1. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Zen Ziejewski and Team | Keller Williams Realty Laguna Niguel. Licensed in the State of California, USA.
www.homefinderorangecounty.com/homes/131335671
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7686 Miramar Rd San Diego, CA 92126

  • Price: $3,825,000
  • Status: Active
  • On Site: 65 Days
  • Updated: 77 min ago
  • ID#: 220019516SD
0
Beds
0
Baths
0
½ Baths
0.22
Acres
1983
Built
Neighborhood:
92126 - Mira Mesa
County:
San Diego
Area:
92126 - Mira Mesa
Property Description
Investor's dream with true NNN and no expenses to owner. Tenant has been in building for 6 years and signed a NNN lease for 10 years with 3% annual increases during the middle of COVID. This is their second location. Tenant has upgraded the suite entrance and facade, added a outside fenced in dog run, and is adding a commercial dog wash station. The building has silicone coated floors, skylights, two upper mezzanines for office or storage uses (approx. and add'l +/- 1,080 SF may or may not be permitted) a sprinkler system (certified by fire dept) and HVAC run throughout building, including both mezzanines. There are two roll up doors, 1 loading dock, 18' clearance, and a 16' drop ceiling, floor drains, plumbing throughout, 600 amps, separately metered for two suites A & B, although currently used as single congruent unit for 24 hr Dog Daycare facility. The Industrial Park is located at Miramar Rd across from Miramar Memorial Golf Course and building sits to the north end of the Hannah Gillard Center as 1 of 8 buildings. Tenant has 9 years remaining on lease yield an average of $215,073.33/YR + NNN ($21.77/SF/YR & $1.81SF/Month) for an average of a 5.6 CAP RATE. They have an above market rate lease including this initial year to buyer at $1.61/SF plus NNN ranging to $2.04/SF + NNN in year 9. The lease is personally guaranteed by tenants who have an impeccable record to date. Tenant handles all HOA fees directly. GREAT 1031 UPLEG FOR YOUR INVESTOR!!! 3 Star Flex Industrial Building 100% Leased!! Tenant has 9 years remaining on lease yield an average of $215,073.33/YR + NNN ($21.77/SF/YR & $1.81SF/Month) for an average of a 5.6 CAP RATE. They have an above market rate lease including this initial year to buyer at $1.61/SF plus NNN ranging to $2.04/SF + NNN in year 9. The lease is personally guaranteed by tenants who have an impeccable record to date. Tenant handles all HOA fees directly. Mira Mesa/Miramar Submarket. This area is a hard one to get into with buildings rarely coming up for sale. Six of the 8 in PID are owner users. This multi-tenant building is secured with a long term signed tenant and should have interest for years to come. There are two roll up doors, 1 loading doc, 18' clearance, and a 16' drop ceiling, floor drains, plumbing throughout, 600 amps, separately metered for two suites A & B, although currently used as single congruent unit for 24 hr Dog Daycare facility. The Industrial Park is located at Miramar Rd across from Miramar Memorial Golf Course and building sits to the north end of the Hannah Gillard Center as 1 of 8 buildings. Cooling: Central Forced Air Elec
Exterior Features

Construction Materials Other Parking Total 0

Interior Features

Heating Forced Air Heating YN Yes

Property Features

Association Fee 0 Listing Agreement Exclusive Right To Sell Listing Service Full Service Zoning Il-2-1



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-10-01T08:27:42.1. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Zen Ziejewski and Team | Keller Williams Realty Laguna Niguel. Licensed in the State of California, USA.
 
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Zen Ziejewski and Team | Keller Williams Realty Laguna Niguel
27941 La Paz, Suite C
Laguna Niguel CA, 92677
Listing Agent(s): Lesha Montoya of Pacific Coast Commercial (619-469-3600)