10149 Channel Rd

RARE OWNER/USER INDUSTRIAL BUILDING WITH IN-PLACE INCOME
*This partially leased building offers a new owner/user a very low occupancy cost given the in-place income, depreciation write-off, principal paydown and building appreciation. This is important for business owners who strive to not only minimize expenses but have their business occupancy contribute to their investment portfolio/retirement. For example, if a buyer wanted to occupy 10,376 SF, the occupancy cost would be approximately $0.31/PSF or $5,337 given the balance of in-place income and tax advantages.
*In 2023, the property went through a major remodel including a new parking lot, new torch down roof (with partial plywood replacement), landscaping, exterior paint and signage.
*East County leads San Diego with the tightest vacancy rate under 1% and continues to outperform the balance of the market further supporting upside appreciation for an owner.
AMENITY-RICH LOCATION WITHIN EAST COUNTY SAN DIEGO
*Within a 2-mile radius, there is over 2.7 million SF of retail including national retailers such as Costco, Walmart, Target, Vons, Home Depot, Dick’s Sporting Goods and many more.
*Excellent access (less than 5 miles) to Santee’s largest mall Mission Gorge Square located at the dominant intersection of Mission Gorge Rd. and Cuyamaca St. This intersection sees over 60,000 cars per day and has a 5-mile surrounding population of 279,212.
*Located directly off the 67-freeway providing immediate access to all of East County and San Diego’s major freeways (52, 125, and 8). This location is ideal for industrial users since these freeways provide excellent access to Downtown San Diego, the San Diego Seaport Harbor, Naval Yards, and other industrial distribution centers throughout Central, South and East County.