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31316127
31316120

310-320 Broadway, Chula Vista, CA 91910

JS
CA 01477835
NAI San Diego
Listed by NAI San Diego
$4,818,741
70 days on market
Updated 68 days ago

Innovation High

Details
APN 567-090-15
Property Type Office, Retail (+1)
Sub Type School
Square Footage 12,430
Cap Rate 6.2%
NOI $298,824
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 5.4
Lease Expiration 07/14/2031
Remaining Term 5.1
Rent Bumps Yes
Lease Options 2
Price per SqFt $388
Broker Co-Op Yes
Class B
Year Built 1970/2000
Buildings 2
Stories 1
Acreage 0.940
Parking Spaces 52 spaces
Parking Per SqFt 4.18
Investment Type Net Lease
Lease Commencement 03/01/2026
Occupancy Date 03/01/2012
Ground Lease No
Ownership Fee Simple
Sale Condition For sale by owner

Office | 6.20% CAP | 12,430 SqFt

Marketing description

NAI San Diego is pleased to present the exclusive offering of a 100% leased, singletenant net-leased investment located in Chula Vista, California. The property consists of two buildings totaling 12,430 square feet situated on approximately 0.87 acres, featuring a secured and fenced lot with 52 parking spaces and monument signage.

The asset is fully occupied by Innovation High (A Learn4Life School), which operates its Innovation High School program at the site. The tenant has demonstrated a strong and expanding commitment to the location, initially occupying a portion of the property in 2012 before expanding to full occupancy in 2019. The campus currently serves approximately 450 enrolled students, reflecting a highly utilized, mission-critical educational facility that supports the tenant’s ongoing operations in the market.

The property operates under a triple-net (NNN) lease, offering a passive investment with limited landlord responsibilities. The tenant recently executed a new five-year lease extension with ~3.5% annual rent increases, providing stable and growing income. This offering presents investors with the opportunity to acquire a stable, income-producing asset backed by an established tenant with long-term occupancy history in a desirable Southern California market

Investment highlights

NNN Leased Investment

Strong credit Tenant

www.learn4life.org

Long Term Tenancy. Occupied and expanded into entire project starting in 2012

Heavy Student Enrollment

Recent Extension of 5 year executed

3.5% annual increases

Listing Contacts

JS
CA 01477835
NAI San Diego
Listed by NAI San Diego

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$298,824.00
$24,902.00/mo

Valuation Metrics

0
DSCR
6.2%
Cap Rate
6.2%
ROI

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Additional Information

Name
Jason Smithson
License
01477835
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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