Multi-tenant Industrial Project in Rare ‘Hard Corner’ of Eastlake Listed for $6,099,000
SAN DIEGO, CA (Sept. 22, 2020) — A Chula Vista multi-tenant industrial project was listed for $6,099,000 by San Diego’s premier full-service private client brokerage firm, Commercial Asset Advisors. The property is 100% leased, making it an attractive investment opportunity.
This is a freestanding property in an excellent location at 901 Lane Avenue in Eastlake, Chula Vista. The project is on a desirable “hard corner,” meaning it is located right where two roads intersect and thus has frontage on two of its sides. The high-quality concrete tilt-up building is 26,685 square feet with three units all on NNN (Triple Net) leases. The project provides staggered, long term leases with established tenants, without the headaches of too many tenants and with operating expense protection. Its tenants include an award-winning brewery, a manufacturing company and a sliding-glass door company.
The property is located in the thriving master-planned community of Eastlake, one of San Diego’s affluent, growing communities. Its location offers a significant labor pool within a 15-minute commute, an established and efficient freeway network, numerous amenities (restaurants, shopping centers, malls, and more), and many desirable housing opportunities.
About Commercial Asset Advisors
Commercial Asset Advisors is a San Diego-based commercial real estate brokerage that specializes in serving the unique needs of individual private clients, as well as family offices, corporate, institutional, nonprofit and national organizations. As a full-service CRE firm, our team has assisted property owners from Central San Diego, North County, East County, South County and beyond to maximize the value of their investments including office, retail, industrial, apartment and multi—family, mixed-use projects, ground-up development tenant representation and much more. With experience earned through exceptional hard work, CAA has successfully completed over 1,400 sale and lease transactions totaling over $500 million in consideration. CAA provides unmatched customer service and strategic advice in all areas, asset types, and transaction structures.