225 W 30th St National City, CA
Freeway Adjacent National City Industrial Owner/User Opportunity w/ Yard
Marketing description
Download OM here: https://bit.ly/225w30thstCX
EXCELLENT MARKET FUNDAMENTALS THAT SUPPORT UPSIDE
►South Bay low finish industrial manufacturing boasts a tight vacancy rate of only 1.9%. The 10-year average vacancy rate in National City industrial sits at a low 1.9%, with the 5-year average at 2.6%.
►San Diego’s defense market is poised to stay strong because the region hosts some of the nation’s largest concentrations of military assets and federal defense spending, which consistently drives a significant portion of the local economy and supports hundreds of thousands of jobs.
►Premier Location | 42% of San Diego’s entire population can be reached within a 15-minute drive time of the subject property. Industrial demand will remain extremely high as this area remains densely populated given its demographics.
Investment highlights
FREEWAY ADJACENT NATIONAL CITY INDUSTRIAL OWNER/USER OPPORTUNITY WITH YARD
►Exceptional Location | ±46,454 SF industrial building on oversized 2.29-acre parcel situated between the Chula Vista Bayfront Development and Downtown San Diego.
►Industrial Outdoor Storage & Excess Yard | The ±2.29 acre site boasts significant extra yard space suitable for outdoor storage which is in short supply in South San Diego.
►Solar | This is one of the few National City buildings to have solar providing a significant reduction in occupancy costs. Current owner is saving approximately $10,000/month in electrical savings. These solar panels are producing roughly
342.31 Mwh/Yr. since being installed in 2022.
►Owner User Advantage | This is an ideal corporate headquarters investment that provides an attractive lease-savings tradeoff. As opposed to leasing space, purchasing this property can provide protection against future rental market
uncertainty and interest rate hikes, offering occupancy control, tax benefits, and after-tax equity accumulation. For example, ownership for a user could provide approximately $40,413/month tax savings or loss carry forward. (See own vs.
lease analysis on P35 of OM)
►The property is ideal for industrial users due to its location in the submarket and its adjacency to San Diego’s busiest freeways I-5, 805 and 54. This location provides excellent access to Downtown San Diego, the San Diego seaport harbor, Naval Yards, and industrial distribution centers of northern Baja, Mexico.
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