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CRT Plasma 1068 Broadway

15,632 SF Office Building El Cajon, CA 92021 £5,281,538 (£338/SF) 6.95% Net Initial Yield

Investment Highlights

  • Positioned within the San Diego MSA – Ranked #18 in the United States for population size
  • Extremely low 3% submarket vacancy according to CoStar
  • Densely populated area - over 308,000 people live within a ?ve-mile radius
  • NNN – no landlord responsibilities
  • Close proximity to Interstate 8 (148,000 VPD) & CA-67 (100,000 VPD)
  • Six-?gure average household income within ?ve miles ($124,210)

Executive Summary

The Boulder Group is pleased to exclusively market for sale a proposed single tenant sale leaseback to CRT Plasma positioned within the San Diego MSA in El Cajon, California. The proposed sale leaseback terms include a 15-year lease with 2.5% annual rental escalations throughout the primary term and four 5-year renewal options. The lease will be absolute triple net and feature no landlord responsibilities. The submarket boasts an extremely low vacancy rate of 3% according to CoStar. The practice is led by a Johns Hopkins-trained transfusion medicine specialist and has experienced strong success. Please inquire with broker for ?nancial information.
The 15,632-square-foot building is strategically located along Broadway, a primary thoroughfare with traffic exceeding 24,700 vehicles per day. Broadway hosts a wide range of major retailers, including Target, Food 4 Less, The Home Depot, Best Buy, ALDI, and HomeGoods, as well as Parkway Plaza, a regional shopping center featuring Dick’s Sporting Goods, JCPenney, H&M, Regal Cinemas, Ashley, Bath & Body Works, and more. The property also offers close proximity to Interstate 8 (148,000 VPD) and CA-67 (100,000 VPD), enhancing accessibility. Situated in a densely populated area, the asset serves over 308,000 residents within a ?ve-mile radius, with an average household income of $124,210.
CRT Plasma, located in El Cajon, California, is a premier plasma donation center dedicated to advancing life-saving medical therapies. Led by Peter Miller, M.D., a Johns Hopkins-trained transfusion medicine specialist, CRT Plasma emphasizes exceptional donor care and safety, with sterile, well-maintained facilities and a compassionate, professional team. Donors are appreciated with cash compensation and a commitment to a comfortable experience.

Property Facts

Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
15,632 SF
Building Class
B
Year Built
1984
Price
£5,281,538
Price Per SF
£338
Net Initial Yield
6.95%
NOI
£366,938
Tenancy
Single
Number of Floors
2
Typical Floor Size
7,816 SF
Slab to Slab
9 ft
Building FAR
0.40
Lot Size
0.89 AC
Zoning
O-P
Parking
32 Spaces (2.05 Spaces per 1,000 SF Leased)

Amenities

  • Signage
Walk Score ®
Very Walkable (74)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
484-293-34
Land Assessment
£2,394,297
Improvements Assessment
£1,396,673
Total Assessment
£3,790,970
  • Listing ID: 33924407

  • Date on Market: 19/11/2024

  • Last Updated:

  • Address: 1068 Broadway, El Cajon, CA 92021

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