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listing
1 of 36
CommercialFor Rent
$3,825,000
7686 Miramar Rd
San Diego, CA 92126
Listed by Lesha Montoya DRE#02007808 [email protected] Pacific Coast Commercial
MLS: California Regional MLS (CRMLS)

Investor's dream with true NNN and no expenses to owner. Tenant has been in building for 6 years and signed a NNN lease for 10 years with 3% annual increases during the middle of COVID. This is their second location. Tenant has upgraded the suite entrance and facade, added a outside fenced in dog run, and is adding a commercial dog wash station. The building has silicone coated floors, skylights, two upper mezzanines for office or storage uses (approx. and add'l +/- 1,080 SF may or may not be permitted) a sprinkler system (certified by fire dept) and HVAC run throughout building, including both mezzanines. There are two roll up doors, 1 loading dock, 18' clearance, and a 16' drop ceiling, floor drains, plumbing throughout, 600 amps, separately metered for two suites A & B, although currently used as single congruent unit for 24 hr Dog Daycare facility. The Industrial Park is located at Miramar Rd across from Miramar Memorial Golf Course and building sits to the north end of the Hannah Gillard Center as 1 of 8 buildings. Tenant has 9 years remaining on lease yield an average of $215,073.33/YR + NNN ($21.77/SF/YR & $1.81SF/Month) for an average of a 5.6 CAP RATE. They have an above market rate lease including this initial year to buyer at $1.61/SF plus NNN ranging to $2.04/SF + NNN in year 9. The lease is personally guaranteed by tenants who have an impeccable record to date. Tenant handles all HOA fees directly. GREAT 1031 UPLEG FOR YOUR INVESTOR!!! 3 Star Flex Industrial Building 100% Leased!! Tenant has 9 years remaining on lease yield an average of $215,073.33/YR + NNN ($21.77/SF/YR & $1.81SF/Month) for an average of a 5.6 CAP RATE. They have an above market rate lease including this initial year to buyer at $1.61/SF plus NNN ranging to $2.04/SF + NNN in year 9. The lease is personally guaranteed by tenants who have an impeccable record to date. Tenant handles all HOA fees directly. Mira Mesa/Miramar Submarket. This area is a hard one to get into with buildings rarely coming up for sale. Six of the 8 in PID are owner users. This multi-tenant building is secured with a long term signed tenant and should have interest for years to come. There are two roll up doors, 1 loading doc, 18' clearance, and a 16' drop ceiling, floor drains, plumbing throughout, 600 amps, separately metered for two suites A & B, although currently used as single congruent unit for 24 hr Dog Daycare facility. The Industrial Park is located at Miramar Rd across from Miramar Memorial Golf Course and building sits to the north end of the Hannah Gillard Center as 1 of 8 buildings. Cooling: Central Forced Air Elec

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Information courtesy of Pacific Coast Commercial is subject to verification and is not guaranteed.
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