Property History
Public Record 1
Public Record 2
Sale Date
Sold Price
Buyer Borrower 1 Corp Indicator
Buyer Borrower 1 Name
Buyer Borrower 1 Ownership Rights Code
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Document Type
Resale Flag
Sales Price Code
Seller 1 Corp Indicator
Transaction Type
Seller 1 Name
Transfer Tax
Sold By
Sold To
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Investment Highlights
Long-Term Lease with Pacific Western Bank featuring 3% Annual Rent Increases
- 11-year primary term with 2, 5-year options to extend, demonstrating their long-term commitment to the site
- 3% annual rent increases throughout lease term (including primary and option periods), providing rental upside and an excellent hedge against inflation
- Corporate Lease with Pacific Western Bank, an investment grade (Fitch Rating: BBB-), nationally recognized bank with $1.158 billion in annual revenues
- Strong performing location with total deposits of $99 million
- Existing drive-thru lane enhances volume and allows for future optionality
- Tenant pays for CAM, taxes, insurance, and maintains all aspects of the property
- Ideal management-free investment for a passive investor
- 57,000 vehicles per day on section of Interstate 5 that fronts the property
- Two freeway exits (Dairy Mart and San Ysidro Blvd) provide access to the property
- Future, brand new El Super opening soon adjacent to property
- High-volume grocer that will significantly enhance traffic to the center
- Adjacent owner investing $4 million to deliver El Super and upgrade the center
Loan History
Financial History
****** Data
Net Operating Income
Reporting Date
Tax History
Contact Information
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Ownership Information
Property Details
Contacts
Listing removed on
BY:
Patrick Wade PRO
•••.•••.3071
••••••.tran@••••.com
Listing removed on
BY:
Alex Kozakov
•••.•••.3031
••••.•••akov@••••.com
Listing removed on
BY:
Matthew Greenberg
•••.•••.3544
•••••••.•••••berg@••••.com
Listing removed on
BY:
Jack Webber
•••.•••.4040
••••.••bber@••••.com
Listing removed on
BY:
Vivian Tran
•••.•••.3642
••••••.••uyen@••••.com
Map
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