February 27, 2022

RECENTLY CLOSED!!! 2904 CANON STREET SAN DIEGO, CA 92106

• Final Sales Price $3,125,000 Original List Price $2,900,000
• Building Size +/- 4,876 SqFT ($641/SqFt) Lot Size: 6,622 SqFt ($472/SqFt)
• CAP Rate at Time of Closing: 5.30%
• True NNN Leases with 3% Annual Increases
• 4 Tandem Onsite Parking Spaces, Approximately 8 Total Spaces
• Leased to Willis Allen, Marine Insurance, and Eclectic Home Clothing
• Currently Zoned CC-4-2
• First Time on the Market in Decades, Buyer was an Investor
• Inspection Report Had Some Deferred Maintenance, $25,000 Price Reduction
• Multiple Aggressive Offers Led to All Cash Quick Close, 14 Day Escrow
• The Franco Realty Group Represented the Buyer and Seller