Listed by Lee & Associates San Diego - Carlsbad
$14,560,000
410, 414 & 416 N. Hale Ave
Details
Property Type Industrial
Sub Type Warehouse
Square Footage 59,757
Cap Rate 6.50%
Occupancy 100%
Tenancy Single
Brand/Tenant Ne-Mo's Bakery
Lease Type NNN
Lease Expiration 01/30/2032
Buildings 7
Zoning M1
Investment Type Net Lease
Tenant Credit Credit Rated
Industrial | 6.50% CAP | 59,757 SqFt
Marketing description
59,757 square feet of industrial space located on 3.69 acres of m1 zoned land
Investment highlights
- 59,757 total building sf comprised of 7 buildings
- 27,221 sf of ancillary industrial buildings dry goods storage, office, maintenance & cooler space
- 100% leased through january 31, 2032 single tenant nnn lease
- Strong credit tenant 50 years of historic occupancy
- 32,536 sf main manufacturing building food production & processing building
- Stabilized cash flow 6.5% first year cap rate
- Purchase price $14,560,000
- 3.69 acres of land 3 separate legal parcels
Listing Contacts
Listed by Lee & Associates San Diego - Carlsbad
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