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1060 Colorado Avenue

1060 Colorado Avenue, Chula Vista, CA 91911
Availability: Offering Price:$1,225,000 Size:10,894 SF
Shipping: Marcus & Millichap is pleased to present the sale of 1060 Colorado Avenue, in west Chula Vista, California.
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Description





Agents

BEN TASHAKORIAN | SENIOR MANAGING DIRECTOR


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

Scott Hilmen | Senior Associate


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

Description

Marcus & Millichap is pleased to present for sale 1060 Colorado Avenue, in west Chula Vista, California. It is a 10,984 square foot multi-tenant industrial building located 0.3 miles from Interstate 5, approximately 10 minutes from both downtown San Diego and the U.S.-Mexico border, and is walking distance to both major big box retail and local shops and restaurants. Built in 1989, it is currently demised into three suites and 100% leased to tenants with substantially below market rents, creating a value opportunity for the investor.

The property itself is block construction, with a total of four on-grade loading bays and 14 foot clear height. Parking is phenomenal at a striking 3.03 spaces per 1,000 square feet. The submarket in which it is situated is enjoying a compressing vacancy rate, currently at 4% for like properties, with steadily rising rents as a result.

Features

  • 10,894 SF multi-tenant industrial building
  • Property currently demised into three suites with two tenants; 100% occupied
  • Seconds to Interstate 5, and approximately 10 minutes from both Downtown San Diego and the U.S. – Mexico border
  • Very close proximity to big box retail (e.g., WalMart, Costco, Target) as well as local eateries and shops
  • Four grade level loading bays, 14’ clear height, ample power and skylights
  • Extremely rare parking ratio of 3.03 spaces per 1,000 SF

Offering Price

$1,225,000

Building Size

10,894 SF

Price Per SF

$112.45

Year Built

1989

Details

  • 22932249
  • Industrial
  • Offering Price:$1,225,000 Size:10,894 SF
  • New

Shipping Information

  • Item Requires Shipping
  • Marcus & Millichap is pleased to present the sale of 1060 Colorado Avenue, in west Chula Vista, California.

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