College Area Citibank Investment Property
Recently Closed
$3,350,000
Description
- $535 Per Building Square Foot
- 22 Parking Spots
- 5.26% Cap Rate Lease Expiration: January 30, 2024
- Tenant has (4) 5-year Options to Extend the Lease
- Currently Leased to Citi Bank
- Large Lot Situated on the Corner of El Cajon Boulevard with 66 feet of frontage
- Established Banking Location Since the 1970’s•1.5% Annual Increases in the Rental Amount
- Represented the Buyer in a 1031 exchange