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850 Showroom Pl - Amazon Parking Lot
4.55 Acres of Commercial Land Offered at $7,900,000 in Chula Vista, CA 91914
INVESTMENT HIGHLIGHTS
- Subject Property Leased to Amazon (S&P: AA-) | NASDAQ: “AMZN” – Best in Class Tenant | $590 Billion in Gross Income (2023)
- Huge Upside Potential Through Redevelopment | Existing Income Stream | Low Price per Square Foot for Improved Land ($39 PSF)
- Chula Vista, CA, 2nd Largest City in the San Diego Metropolitan Area | Contains Robust Industrial, Residential, Hospitality, & Retail Markets
- Real Estate Advantage | Located in High Growth Eastlake Submarket | Mission Critical Parking Lot Site for Amazon Hub Facility
- Located Just 10 Miles From the 535 Acre Chula Vista Bayfront Development Project, Largest Waterfront Project on West Coast | New Hotel Developments
EXECUTIVE SUMMARY
PROPERTY FACTS
| Price | $7,900,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Condition | 1031 Exchange | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 4.55 AC |
| Price | $7,900,000 |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 4.55 AC |
1 LOT AVAILABLE
Lot
| Price | $7,900,000 | Lot Size | 4.55 AC |
| Price Per AC | $1,736,263.74 |
| Price | $7,900,000 |
| Price Per AC | $1,736,263.74 |
| Lot Size | 4.55 AC |
Asphalt paved Lot. Height limit for building within BC-4 district may be increased to 76 feet with approval of Design Review Committee
DESCRIPTION
A 4.55-acre improved parking lot property that is located within the Eastlake submarket of Chula Vista, CA. The property is currently leased to Amazon on a 5-year gross lease, which commenced in April 2021 and expires in April 2026.
PROPERTY TAXES
| Parcel Number | 595-710-22 | Improvements Assessment | $112,751 |
| Land Assessment | $3,474,085 | Total Assessment | $3,586,836 |
PROPERTY TAXES
ZONING
| Zoning Code | PC, Chula Vista (Planned Community Zone (P-C)) |
| PC, Chula Vista (Planned Community Zone (P-C)) |
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850 Showroom Pl - Amazon Parking Lot
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