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NEW LISTING! Investment Opportunity with National Credit Tenant



Pacific Coast Commercial is pleased to present this single tenant NNN industrial condo unit with a long-term lease to Cogent Communications, Inc. The property is located in Kearny Mesa in the center of Fiber Alley, in a well-maintained and well-occupied business park. Conveniently located just east of Highway 163 at Clairemont Mesa Boulevard, with immediate access to Highway 163 and Highway 52 with easy access to I-15 and I-805.


Leasable Condo:

8959 (4-13) and 8959-B (4-14): ± 1,915 SF


Address:

8959 Complex Drive, San Diego, CA 92123


Complex Size:

± 155,000 SF Complex Business Park


Tenant:

Cogent Communications, Inc. (Website)


APN:

369-110-06-60 & 369-110-06-59


Sale Price:

$910,000


NOI:

$45,705


Investment Highlights:

> Secure and Stable Cash Flow

> Long Term Single Tenant NNN Lease (Tenant Since September 2000)

> 5.02% CAP Rate

> 3% Annual Increase

> No Management Obligation

> No Landlord Responsibilities


Property Highlights:

> Property is located in Kearny Mesa Complex directly next to a primary fiber optic loop for San Diego.

> High concentration of telecommunications companies with reciprocal operating agreements.

> Central San Diego location just east of Hwy 163 at Clairemont Mesa Blvd.

> Well-maintained, well-occupied 155,000 SF business park.


Contact Pacific Coast Commercial (619) 469-3600


KEN ROBAK

Vice President of Brokerage

(619) 469-3600

Lic. 01236527



NICK MANE

Broker Associate - Sales & Leasing

(760) 840-7140

Lic. 01939391


10721 Treena Street, Suite 200, San Diego, CA 92131 | Lic. 01209930








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 and use should be verified prior to a purchase or lease.



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