Listed by Voit Real Estate Services Voit Carlsbad
$1,850,000
7328-44 Broadway
Details
APN 479-015-15; 479-015-14
Property Type Retail, Office
Sub Type Medical Office, Commercial
Square Footage 4,840
Cap Rate 7.34%
NOI $134,993
Occupancy 100%
Lease Type NNN
Lease Options 5 Yr (2)
Price per SqFt $382
Year Built 1970
Acreage 0.300
Zoning G-C
Parking Spaces 5.17 per 1,000 sq ft
Retail | 7.34% CAP | 4,840 SqFt
Marketing description
7328-44 Broadway consists of 4,840 SF of inline retail
space on 0.30 AC of land. The building is along Lemon
Grove’s high traffic corridor offering maximum visibility.
At 5.17 Parking spaces per 1,000 SF, the property
accommodates most uses, even those with heavier
traffic. The zoning (G-C) allows for various retail and
medical uses
Investment highlights
- Rare Southern California Strip Center Along Primary Commercial Corridor
- Low Price Point in Market With High Barriers to Entry
- Highly Traffic Location Along Broadway (24,413 CPD)
- All Tenant’s recently exercised renewal options of no less than 5 years
- Since 2007, there have been a total of 3 vacancies at the property
- Barber, Electronic, Bar and Smoke Shop are all original uses at the property dating back to 2007
- Property is accessible from both East and West bound traffic along Broadway and 3 blocks from the nearest freeway entrance and exit
- High Growth Area of San Diego with the addition of several multifamily developments
- The Kelvin Apartments// 66 Units// Built 2024
- The Grove// 17 Units// Built 2024
- Golden Avenue Townhomes// 22 Units// Built 2024
- High Density Demographics (3mi) -Total Population 212,234 and Median Income $77.3K
Listing Contacts
Listed by Voit Real Estate Services Voit Carlsbad
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$134,993.00
$11,249.42/mo
Valuation Metrics
0
DSCR
7.3%
Cap Rate
7.3%
ROI
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