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

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