504-514 S Magnolia Ave - Medical FOR SALE


El Cajon, CA 92020
$2,200,000 USD
858-373-3288
504-514 S Magnolia Ave, El Cajon, CA for Sale
$2,200,000 USD
Medical - FOR SALE
1/10
null | Request Cap Rate

504-514 S Magnolia Ave
El Cajon, CA 92020


HIGHLIGHTS

  • Fully leased medical office
  • SBA Financing Potential (51%+ Owner-User Requirement Easily Met)
  • Located in a designated Opportunity Zone
  • ±5,520 SF building on ±0.39-acre parcel
  • Flexible Floor Plan for Medical or Professional Office Use

OVERVIEW

504–514 S Magnolia Ave now presents a prime owner-user opportunity in the heart of East County. The ±5,520 SF medical office building is currently 66% vacant, making it ideal for an owner-user to occupy the majority of the space and leverage SBA financing. Situated on a ±0.39-acre lot within a designated Opportunity Zone, the property provides meaningful long-term upside through lease-up, rent growth, or potential future redevelopment. With limited in-place income and substantial available space, this asset offers a rare chance to secure immediate occupancy while creating significant value over time.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$399 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1958

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,988 SF

ZONING

OP

APN/PARCEL ID

488-272-12

ASK ABOUT THIS PROPERTY

Ali ValiahdiMarcus & MillichapMore Info
858-373-3288

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Ali ValiahdiMarcus & MillichapMore Info
858-373-3288

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