8870-8878 La Mesa Blvd - Storefront FOR SALE


La Mesa, CA 91942
$6,100,000 USD
858-945-7094
8870-8878 La Mesa Blvd, La Mesa, CA for Sale
$6,100,000 USD
Storefront - FOR SALE
1/29
null | 4.76% Cap Rate

8870-8878 La Mesa Blvd
La Mesa, CA 91942


OVERVIEW

The Bove Group proudly presents 8870-78 La Mesa Blvd, part of the Fite Plaza / Bel Arms ensemble — a fully leased, income-producing, mixed-use property with immediate cash flow, and significant value-add or redevelopment upside. The asset combines a 5-tenant retail building (11,120 SF) with a 10-unit apartment complex, all on 0.86 acres in one of East County’s most accessible and desirable locations. The retail component generates stable cash flow from a diversified tenant roster, while the multifamily component offers upside through normalization of rents, interior upgrades, or repositioning. Because of the site’s compact footprint and location near major freeways and community amenities, a creative owner could explore infill or densification strategies. With limited new ground available in this submarket, this property represents a compelling opportunity to acquire a multi-layered real estate play in La Mesa.

FOR SALE DETAILS

PRICE

$6,100,000 USD

PRICE/SF

$540 USD /SF

CAP RATE

4.76%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fite Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,980 SF

ZONING

C-D-MU

APN/PARCEL ID

494-840-01

ASK ABOUT THIS PROPERTY

Aaron BoveColliersMore Info
858-945-7094

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Aaron BoveColliersMore Info
858-945-7094

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