1858 Newton Avenue
About this property
One of the most unique properties in all of San Diego's famous Barrio Logan sector. This prime location property is situated blocks from Barrio Logan light rail station, NASCO shipyards, the US Navy, Local purveyors, and more. Located in the Historic Barrio Logan area lends you access to the Int 5 North and South, Int 1`5 North, Mexico, International Border, and Int 8 East. The average market rent for similar properties in the area at $1.26 /SF has a projected NOI of $358,797 equaling a 6.23% Cap Rate. Additionally the property is located in the government propcurement zone, as well it is in the Opportunity Zone allowing a savvy investor with the opportunity to potentially avoid capital gains tax.
About this property
One of the most unique properties in all of San Diego's famous Barrio Logan sector. This prime location property is situated blocks from Barrio Logan light rail station, NASCO shipyards, the US Navy, Local purveyors, and more. Located in the Historic Barrio Logan area lends you access to the Int 5 North and South, Int 1`5 North, Mexico, International Border, and Int 8 East. The average market rent for similar properties in the area at $1.26 /SF has a projected NOI of $358,797 equaling a 6.23% Cap Rate. Additionally the property is located in the government propcurement zone, as well it is in the Opportunity Zone allowing a savvy investor with the opportunity to potentially avoid capital gains tax.
Features and Additional Information
Presented By Coldwell Banker Commercial Real Estate Solutions
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Brokerage: REMAX COMMERCIAL & INVESTMENT REALTY 310-802-2500
