San Ysidro, CA 92173,360 390 E San Ysidro BLVD
San Ysidro, CA 92173,360 390 E San Ysidro BLVD
San Ysidro, CA 92173,360 390 E San Ysidro BLVD
San Ysidro, CA 92173,360 390 E San Ysidro BLVD
San Ysidro, CA 92173,360 390 E San Ysidro BLVD
San Ysidro, CA 92173,360 390 E San Ysidro BLVD
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$875,000

$937,500

6.7%
Est.Price: ?

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Est. payment /mo

49,299.44 Acres Lot


SOLD DATE : 03/07/2023

Key Details

Sold Price $875,000

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

MLS Listing ID GD22208199

Sold Date 03/07/23

HOA Y/N No

Lot Size 49299.441 Acres

Property Description

25% Ownership Interest for Sale.
Seasoned ground lease since 1977 with approximately 53 years remaining (February 2076). Lessee pays all expenses.
Nearly 40,000 sq. ft. of tenant owned buildings (5), situated on 1.56 acres of CC-3-4 zoned land.
Reversionary Interest in leasehold improvements at end of lease term.
Fair market value adjustments in monthly rent each 10 years.
Next rental adjustment will take place March 2028.
Annual rental is currently $72,000 ($288,000 x 25% = $72,000).
Favorable cap rate of 7.68%.

Location

State CA

County San Diego

Area 92173 - San Ysidro

Zoning CC-3-4

Interior

Fireplace No

Laundry None

Building

Lot Description Lot Over 40000 Sqft

Water See Remarks

Others

Tax ID 6661807200

Financing Cash

Special Listing Condition Trust

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California Regional MLS (CRMLS)
Listed by Paul Locker • Locker Realty Corp.
Bought with NONE NONE • None MRML
agent-avatar

+1(805) 242-2114

alana@soldbyalanaking.com

Paso Robles, CA, 93446, USA

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