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8112-8122 Engineer Road

8112-8122 Engineer Road
San Diego, CA 92111
Availability: Close of Escrow:2/9/2016 Lot Size:25,265 SF
Shipping: A single-story 25,265 square foot, industrial warehouse with a newly renovated showroom located in the desirable Kearny Mesa submarket of San Diego.
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Description

Agents

BEN TASHAKORIAN | FIRST VICE PRESIDENT


Senior Director: Institutional Property Advisors (IPA)
License: CA 01333884
Dir: (858) 373-3176
Fax: (858) 373-3110
btashakorian@ipausa.com

Scott Hilmen | Associate

Member: NOIPG
License: CA 01960113
Cel: (619) 665-0671
Dir: (858) 373-3123
scott.hilmen@marcusmillichap.com

Jessie Prentice | Associate

Member: NOIPG
License: CA 01950905
Cel: (917) 331-4449
Dir: (858) 373-3212
jessie.prentice@marcusmillichap.com

Description

The subject property is a single-story 25,265 square foot, industrial warehouse with a newly renovated showroom located in the desirable Kearny Mesa submarket of San Diego. The current tenant, Platinum Event Rentals, will sign an absolute net 10-year lease with 2% annual increases at the close of escrow.

Platinum Event Rentals is one of San Diego’s premier party rental companies. The company was founded in 2010 and has more than doubled in the past five years. Online review sites ranging from Yelp to The Knot to The Best of Barmitzvah rave about their quality work, cost-effectiveness, and excellent customer service.

Kearny Mesa is a thriving industrial market with a vacancy rate of roughly 2.5%. This offering presents a rare opportunity for an investor to acquire a newly renovated warehouse in one of the strongest performing markets in San Diego with a NNN lease in place for the next 10 years.

Features

  • Irreplaceable Kearny Mesa Location
  • 100% Occupied
  • 10 Year, NNN Lease
  • Easy Access to SR-163 & I-805 Freeways
  • Newly Remodeled Showroom
  • Over $200,000 in Improvements to the Building Since 2014

Year Constructed

1974

Net Rentable Area

25,265 SF

Land Area

.99 AC

Occupancy

100%

Details

  • 22932163
  • Industrial
  • Close of Escrow:2/9/2016 Lot Size:25,265 SF
  • New

Shipping Information

  • Item Requires Shipping
  • A single-story 25,265 square foot, industrial warehouse with a newly renovated showroom located in the desirable Kearny Mesa submarket of San Diego.

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