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23841958
23841959

1136 Broadway, El Cajon, CA 92021

AV
CA 01980677
Marcus & Millichap - San Diego
Listed by Marcus & Millichap - San Diego
$3,650,000
363 days on market
Updated 6 days ago

1136–1142 Broadway, El Cajon, CA 92021

Details
APN 484-184-15-00 | BLOCK 17
Property Type Office, Retail
Sub Type Auto Shop, Executive Office
Square Footage 11,000
Net Rentable (SqFt) 11,000
Units 15
Cap Rate 1.64%
NOI $60,000
Pro-Forma Cap Rate 7.32%
Pro-Forma NOI $267,323
Year Built 1973
Year Renovated 2022
Stories 2
Lot Size (SqFt) 32,363
Zoning C-G (GENERAL COMMERCIAL)
Investment Type Owner/User

Office | 1.64% CAP | 11,000 SqFt

Marketing description

This ±11,000 SF building offers a compelling opportunity for both value-add investors and owner-users in one of El Cajon’s most active commercial corridors. Currently 36% leased, the property is anchored by a single tenant who master leases the entire eastern half, while the western half — totaling 7,000 SF — is fully vacant and available for occupancy.

Each vacant unit on the western side includes a restroom and kitchen, making it ideal for a variety of retail, Office, or flex users. The property was renovated in 2022, and offers clean, functional improvements ready for lease-up or move-in.

Investment highlights

· SBA loan eligible: occupy 64% and collect income from remaining tenants

· Value-add upside through lease-up of existing vacant space

· Restroom and kitchen in each vacant unit – ideal for service-based tenants

· Strong visibility and access on Broadway with ample parking

· Located in a highly active commercial corridor near major retailers

Listing Contacts

AV
CA 01980677
Marcus & Millichap - San Diego
Listed by Marcus & Millichap - San Diego

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Loan Amount
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Valuation Metrics

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1.64%
Cap Rate
1.64%
ROI

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