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895 Palomar St

6,612 SF 100% Leased Flex Building Chula Vista, CA 91911 $2,975,000 ($450/SF)

Investment Highlights

  • 18 parking spaces
  • 12 small offices
  • 5 warehouses bays (approximately 750 SF each)
  • All tenants are on a month to month lease - except for one tenant on the end with a short term lease terminating June 2026

Executive Summary

The property is a 6,612 SF Office/Warehouse building that could be an owner-user or investor opportunity. It is along the Bayfront, with the stunning new Chula Vista Bayfront Project being constructed down the street. The zoning can accommodate for a wide variety of uses. It is zoned as light industrial/commercial. It has a combination of 5 warehouses and 12 small offices. It has views of the Bayfront & easy access to the 5 freeway.

Property Facts

Price $2,975,000
Price Per SF $450
Sale Type Investment or Owner User
Sale Conditions Redevelopment Project
Property Type Flex
Property Subtype
R&D
  • Flex Light Manufacturing
  • Office Industrial Live Work Unit
Building Class C
Lot Size 0.35 AC
Rentable Building Area 6,612 SF
No. Stories 2
Year Built 1979
Parking Ratio 2.72/1,000 SF

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
622-011-02
Land Assessment
$816,000
Improvements Assessment
$402,900
Total Assessment
$1,218,900

zoning

Zoning Code M52 (Limited Impact Industrial)
M52 (Limited Impact Industrial)
  • Listing ID: 34049445

  • Date on Market: 12/2/2024

  • Last Updated:

  • Address: 895 Palomar St, Chula Vista, CA 91911

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