765 3rd Ave
Chula Vista, CA 91910
PROBATE SALE Third Avenue Plaza · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Current CAP Rate of 7.83% at 60% Occupancy. ProForma CAP 9.41% at 85% Occupancy
- 9.41 % ProForma CAP calculated @ 85% Occupancy. / Current Occupancy Rates for area 85-95%. / Steel Construction Building / 3.00/1,000 Sqft. Parking
- Tenants that have applied for the vacant space prior to probate are The Navy, Samsung, and Social Security Administration Offices
- The State of California Recently Extended Their Lease Through 2021 with a 16.50% Rental Increase to $85,000 a Month. / Long Term Government Tenant
- Chula Vista is currently growing at a rate of 1.03% annually and its population has increased by 13.68% per recent census. / Secured Tenant Parking
- The Property is Permitted For Medical & Dental Office Use. / All Units have separate HVAC & Electrical Meters. Price Below Replacement Cost of $213.03
PROPERTY FACTS
Property Type
Office
Building Size
42,290 SF
Building Class
A
Year Built
1990
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
14,097 SF
Slab To Slab
9’
Building FAR
0.80
Lot Size
1.22 AC
Zoning
C-1
Parking
123 Spaces (3 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 573-371-24 | Improvements Assessment | $6,367,248 |
| Land Assessment | $2,653,020 | Total Assessment | $9,020,268 |
