8157-8159 W Wing Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
8157-8159 W Wing Ave
15,000 SF 100% Leased Industrial Building El Cajon, CA 92020 £4,225,230 (£282/SF) 8.07% Net Initial Yield
Investment Highlights
- 15,000 SF Industrial Building in San Diego County
- Tenant To Sign New 10-Year Lease at Current Rent
- Adjacent to Gillespie Field Airport
- 8.07% Current Cap Rate
- Absolute Net Lease
- Located Off 52 and 67 Highways
Executive Summary
Marcus & Millichap is pleased to present 8157-8159 W Wing Avenue in El Cajon, California. This 15,000-square-foot property is an industrial warehouse and distribution building, currently leased in full to Outco. Outco is a fully licensed, legally operating marijuana dispensary that also grows, cultivates, and conducts lab work for product development.
Outco has been a tenant since 2014, initially occupying half of the building and expanding to the entire space in 2017. The significant build-out completed by the tenant allows the property to command above-market rental rates within the submarket. Outco is currently on a month-to-month lease, with a draft 10-year extension under preliminary review. This extension would maintain the current rental rate through 2025, followed by 3% annual increases thereafter.
Strategically located with convenient access to Highways 52 and 67, the property features six roll-up doors to accommodate a range of industrial uses. Additionally, it is adjacent to Gillespie Field Airport, which plans to add new hangars across W Wing Avenue. This proximity to the airport positions the property favorably for future growth and potential expansion within the area.
Outco has been a tenant since 2014, initially occupying half of the building and expanding to the entire space in 2017. The significant build-out completed by the tenant allows the property to command above-market rental rates within the submarket. Outco is currently on a month-to-month lease, with a draft 10-year extension under preliminary review. This extension would maintain the current rental rate through 2025, followed by 3% annual increases thereafter.
Strategically located with convenient access to Highways 52 and 67, the property features six roll-up doors to accommodate a range of industrial uses. Additionally, it is adjacent to Gillespie Field Airport, which plans to add new hangars across W Wing Avenue. This proximity to the airport positions the property favorably for future growth and potential expansion within the area.
Property Facts
| Price | £4,225,230 | Lot Size | 0.55 AC |
| Price Per SF | £282 | Rentable Building Area | 15,000 SF |
| Sale Type | Investment NNN | Number of Floors | 1 |
| Net Initial Yield | 8.07% | Year Built | 1965 |
| Property Type | Industrial | Parking Ratio | 1.33/1,000 SF |
| Property Subtype | Manufacturing | Clear Ceiling Height | 18 ft |
| Building Class | C | Level Access Doors | 6 |
| Price | £4,225,230 |
| Price Per SF | £282 |
| Sale Type | Investment NNN |
| Net Initial Yield | 8.07% |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 0.55 AC |
| Rentable Building Area | 15,000 SF |
| Number of Floors | 1 |
| Year Built | 1965 |
| Parking Ratio | 1.33/1,000 SF |
| Clear Ceiling Height | 18 ft |
| Level Access Doors | 6 |
Amenities
- Fenced Lot
- Roof Lights
PROPERTY TAXES
| Parcel Number | 387-150-21 | Improvements Assessment | £1,468,152 |
| Land Assessment | £755,049 | Total Assessment | £2,223,201 |
PROPERTY TAXES
Parcel Number
387-150-21
Land Assessment
£755,049
Improvements Assessment
£1,468,152
Total Assessment
£2,223,201
zoning
| Zoning Code | M-54 |
| M-54 |
1 of 14
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
8157-8159 W Wing Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.