Upside Potential Retail Building Chula Vista | 46-48 Broadway
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Upside Potential Retail Building Chula Vista 46-48 Broadway
5,316 SF Retail Building Chula Vista, CA 91910 $2,164,451 CAD ($407 CAD/SF) 4.40% Cap Rate
Executive Summary
Currently very low rent paying tenant initial lease ending in 10/31/2027 with options left with Market rent price at the renewal period.
Current tenant showed some interest in vacating early
Open floorplan interior with extra high ceilings
4.4% Cap rate under the sales price and its new property tax rate with in-place rent
Great upside potential for owner user or investment once current tenant renews with new lease or vacates in 10/31/2027
C-3 Zoning per Chula Vista for Redevelopment plan
Current tenant showed some interest in vacating early
Open floorplan interior with extra high ceilings
4.4% Cap rate under the sales price and its new property tax rate with in-place rent
Great upside potential for owner user or investment once current tenant renews with new lease or vacates in 10/31/2027
C-3 Zoning per Chula Vista for Redevelopment plan
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,316 SF
Building Class
C
Year Built
1938
Price
$2,164,451 CAD
Price Per SF
$407 CAD
Cap Rate
4.40%
NOI
$95,317 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.40
Lot Size
0.31 AC
Zoning
C - C-3 Zoning under Chula Vista Urban Core Specific Plan Land Use Matrix -please look for this in the document section of this listing for permitted use
Parking
8 Spaces (1.5 Spaces per 1,000 SF Leased)
Frontage
72 ft on Broadway
Amenities
- Drive Thru
Walk Score ®
Very Walkable (79)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 565-040-16 | Improvements Assessment | $277,650 CAD |
| Land Assessment | $1,110,609 CAD | Total Assessment | $1,388,259 CAD |
PROPERTY TAXES
Parcel Number
565-040-16
Land Assessment
$1,110,609 CAD
Improvements Assessment
$277,650 CAD
Total Assessment
$1,388,259 CAD
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Upside Potential Retail Building Chula Vista | 46-48 Broadway
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