1338 N Santa Fe Ave
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1338 N Santa Fe Ave
1,712 SF Retail Building Vista, CA 92083 $690,000 ($403/SF) 5.50% Cap Rate
Investment Highlights
- Property Contains Two Entry Points
- Existing Tenant is on Month-to-Month Lease
- Redevelopment Opportunity
- Great Upside Potential for Redevelopment Site
Executive Summary
Building has an existing tenant which brings in $3,200 in monthly income. Potential for rent increase if redevelopment is not pursued. Listed Cap Rate is Pro-Forma.
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,712 SF
Building Class
C
Year Built
1946
Price
$690,000
Price Per SF
$403
Cap Rate
5.50%
NOI
$37,950
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Land Acres
0.17 AC
Zoning
C-6
Parking
6 Spaces (3.5 Spaces per 1,000 SF Leased)
Frontage
49 FT on N Santa Fe Ave
Walk Score ®
Very Walkable (72)
PROPERTY TAXES
Parcel Number | 161-251-55 | Improvements Assessment | $228,888 |
Land Assessment | $312,120 | Total Assessment | $541,008 |
PROPERTY TAXES
Parcel Number
161-251-55
Land Assessment
$312,120
Improvements Assessment
$228,888
Total Assessment
$541,008
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Presented by
Laksh Investments and Consulting
1338 N Santa Fe Ave
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