7815–7825 North Avenue | Lemon Grove, CA 91945 Freestanding Flex Building | 9% Pro Forma Cap | $600K Price Reduction | Motivated Seller CAST Capital Partners is pleased to present 7815–7825 North Avenue, a ±6,500 SF freestanding service/industrial building on a ±17,632 SF corner lot in the heart of Lemon Grove. This is a rare opportunity to acquire a value add property with a projected 9% cap rate—well above market for San Diego County. With a recently reduced asking price and flexible ownership, this deal offers significant upside for investors looking for cash flow or owner-users who want to lease and hold. Investment Highlights Asking Price: $1,500,000 Price Reduced by: $600,000 – Motivated Seller Pro Forma Cap Rate: 9% based on $1.73/SF NNN lease Lease Rate: $1.73/SF NNN (Est. $0.32/SF NNN) Building Size: ±6,500 SF Lot Size: ±17,632 SF (0.39 Acres) Zoning: VC3 – Village Commercial 3 (Mixed-Use/Commercial) Ceiling Heights: 13'–15' Clear Garage Doors: Five large grade-level doors Parking: Ample on-site surface parking APNs: 475-472-01-00, 475-472-02-00, 475-472-04-00 Why It’s a Strong Deal 9% Pro Forma Cap Rate – Significantly higher than current market average Below-Market Acquisition Cost – Freestanding building on a corner parcel for under $235/SF Flexible Zoning – Retail, service, office, and even residential over commercial allowed Excellent Location – Near Lemon Grove Trolley, SR-94/SR-125 access, and 28,000+ vehicles/day visibility Motivated Ownership – Open to seller financing and creative deal structures Ideal Uses Service businesses, contractors, owner-operators Showroom or hybrid office/flex tenants Lease and hold investors looking for a strong yield Covered land play for future mixed-use development Next Steps Schedule a private tour with the CAST Capital team. We’ll help you evaluate lease-up scenarios, explore financing options, or structure a deal that fits your investment goals.