La Mesa Value Add | Mixed-Use
A Prime La Mesa Mixed-Use Investment
Marketing description
The Bove Group at Colliers is proud to present Fite Plaza, a fully leased 10-unit apartment building and an 11,120 SF commercial building. This value-add, mixed-use property is located in the heart of La Mesa’s thriving village corridor with new residential development on both sides. The asset offers immediate income with diversified retail and residential tenants, plus strong upside through modernization, ADU addition, or future redevelopment potential.
Situated on 0.86 acres along La Mesa Blvd, the property benefits from exceptional visibility, easy freeway access, and proximity to major amenities, including Grossmont Center, SDSU, and Downtown San Diego.
Investment highlights
8870–78 La Mesa Blvd, La Mesa, CA 91942
10 Apartments + 5 Retail Spaces | 18,048 SF | 0.86 Acres
Proforma CAP Rate: 7.30% | Proforma NOI: $445,504
Value-Add or Redevelopment Upside (RB-D-MU & C-D-MU zoning)
Excellent Visibility & Walkable Location in the La Mesa Village corridor
Diverse Tenant Mix – Retail, office, auto, and residential
Strategic Locale near shopping, SDSU, hospitals, and freeways
Offered at: $6,100,000 ($406,667/unit | $337.99/SF)
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