275 W Madison Ave - Medical FOR SALE


El Cajon, CA 92020
$1,600,000 USD
858-458-3348
275 W Madison Ave, El Cajon, CA for Sale
$1,600,000 USD
Medical - FOR SALE
1/16
null | Request Cap Rate

275 W Madison Ave
El Cajon, CA 92020


OVERVIEW

275 West Madison Avenue presents an opportunity for an owner-user or investor to acquire a multi-tenant office property in El Cajon with existing income and near-term occupancy flexibility. The property consists of three suites and is currently configured to accommodate a combination of owner-user occupancy and leased tenancy. Suite B is occupied by a dental practice under a lease extending through January 2031, providing in-place rental income, while Suite C is occupied by Heart of Gold Support Services on a month-to-month basis with stated interest in renewing its occupancy. Suite A is currently vacant, creating an immediate opportunity for owner-user occupancy. The property is situated within El Cajon, approximately 17 miles east of Downtown San Diego, providing access to the broader San Diego metropolitan area. The location benefits from connectivity to Interstate 8 and major local thoroughfares including North Magnolia Avenue and West Madison Avenue. Nearby demand generators include Grossmont Hospital, Grossmont College, Parkway Plaza, and surrounding commercial and residential neighborhoods that support professional and healthcare-oriented uses. Property characteristics include a two-story configuration on approximately 0.43 acres with on-site parking and OP zoning. The existing tenancy mix, combined with available occupancy options, provides flexibility for medical, professional office, or administrative users seeking to offset occupancy costs through rental income. The combination of stabilized tenancy, owner-user potential, and access to major transportation routes positions the asset for a variety of ownership strategies.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$318 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1969

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,731 SF

ZONING

OP, El Cajon

APN/PARCEL ID

482-283-05

ASK ABOUT THIS PROPERTY

Max StoneVoit Real Estate ServicesMore Info
858-458-3348

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Max StoneVoit Real Estate ServicesMore Info
858-458-3348

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.