Multi-Tenant Retail/Shopping Center/Automotive for Sale

Updated: May 2


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The Opportunity:

Pacific Coast Commercial presents the opportunity to acquire this mixed use multi-tenant retail and automotive/industrial commercial property in Lakeside California. The property is located at 12233-12247 Woodside Ave., Lakeside, CA 92040.

The property consists of one (1) multi-tenant retail building (5,600 sq. ft.) and one (1) metal free-span automotive/industrial building (4,000 sq. ft.). The property is well located on Woodside Ave., one of the busiest commercial districts in the City of Lakeside.

Property Overview:

  • Sale Price: $2,725,000 ($284/SF).

  • CAP Rate: 5.05% on Actual Income with 3% Vacancy Factor.

  • Occupancy: 83%.

  • Diversified Mix of Retail Tenants.

  • Auto Body Repair Business with Fenced Storage Yard Area with Two (2) Gates for Drive Around Access.

  • New TPO Roof on Retail Building in 2020 with Ten (10) Year Manufacturers Warranty.

  • Retail Parking Ratio 3/1,000.

  • Installation New City Sidewalks Between Winter Gardens Boulevard and Channel Road (View Link).

  • Minutes from Downtown Lakeside.

  • Easy Access to Interstate 8, Highway 67 and the 52 Freeway.

  • 26 Minutes from Downtown San Diego and San Diego International Airport.

  • Highly Walkable Location (Score: 73).


Pacific Coast Commercial (619) 469-3600


VANESSA REZA

Senior Advisor Sales & Leasing

Vanessa@PacificCoastCommercial.com

Lic. 01856646


BRIAN CREPEAU

Vice President Brokerage & Asset Management

Brian@PacificCoastCommercial.com

Lic. 01163628


ANTHONY GOROS

Sales & Leasing Associate

Anthony@PacificCoastCommercial.com

Lic. 02098424


The information contained herein has been given to us by the owner of the property or other sources we deem reliable, we have no reason to doubt Its accuracy, but we do not guarantee it. All information including zoning, financials, leases, square footage, permits and use should be verified during due diligence and prior to completing a purchase.