‘Recession Resistant’ National City Office Property Listed for $5,750,000 by CAA
SAN DIEGO, CA (Sept. 28, 2020) — A 92% leased office property in National City with “recession resistant” space sizes and the opportunity to attract a diverse pool of tenants presents an attractive investment opportunity and is listed for $5,575,000 by Commercial Asset Advisors as the exclusive agent for the seller.
Qualified investors have the opportunity to acquire a fee simple interest in 22 W. 35th Street, National City, CA 91950. The building is a two-story, 19,717-square-foot multi-tenant coastal office property located in the Southwest position of the signalized intersection of West 35th Street and National City Blvd., known as Broadway. It is situated on nearly 1 acre of total land area.
The property has zoning that may allow for some medical and some retail uses, providing the ability to lease to a more diverse pool of tenants than competitive properties. The property benefits from efficient floor plans and smaller, “recession resistant” tenant space sizes. With a limited supply of competitive office product in the near vicinity and a lack of new construction, this property is positioned for continued utility.
As an added value, the building benefits from a fully functional, paid-for solar system that provides for lower electricity costs.
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.