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FOR SALE | 1111 PIONEER WAY, EL CAJON SAN DIEGO 92020 +/- 110,663 SF DISTRIBUTION / MANUFACTURING BUILDING 1111 P1ONEER OWNER USER OR INVESTOR OPPORTUNITY
Transcript of 1111 - images1.loopnet.com · 6 Grade Level Roll Up Doors Year Built/Renovated: 1977/2015 18,904 SF...
FOR SALE | 1111 PIONEER WAY, EL CAJON SAN DIEGO 92020
+/- 110,663 SF DISTRIBUTION / MANUFACTURING BUILDING
1111P1ONEER
OWNER USER OR
INVESTOR OPPORTUNITY
ADDRESS:
USE:
TOTAL RSF:
LOT SIZE:
POWER:
CLEAR HEIGHT:
DOCK HIGH LOADING:
GRADE LEVEL DOORS:
YEAR BUILT:
OFICCE BUILD-OUT:
PARKING:
1111 Pioneer Way, El Cajon
Manufacturing / Distribution Building
110,663 SF
4.42 AC (192,535 SF)
4,000 Amps 277/480v 3-phase
20’
11 Dock High Loading Positions
6 Grade Level Roll Up Doors
Year Built/Renovated: 1977/2015
18,904 SF 17% Office
176 Parking Spaces
No warranty or representation is made to the accuracy of the foregoing information. Terms of sale or lease and availability are subject to change or withdrawal without notice.
EL CAJON, CA 919111111 PIONEER WAY
PRICING SUMMARY:
Sale Price: $15,932,836
Price Per SF: $142.97
Cap Rate: 5.5%
Ownership: Fee-Simple
IN-PLACE FINANCIAL OVERVIEW
$876,658.45 Year 1 NOI
Current Lease Rate: $0.65 PSF
Adjustments: 2.5% Annual Increase
Recovery Type: NNN
Term: +10 Years
(Expiration January 14, 2031)
OFFERING SUMMARYPROPERTY OVERVIEW
OFFERING OVERVIEWInland Pacific is pleased to offer an extremely unique investment opportunity to acquire 1111 Pioneer Way , a high image manufacturing and distrobution facility in the heart of San Diego East County Industrial Market. The building is currently 100% leased by Triumph Group, who is not currently occu-pying the space. Triumph Group is seeking to terminate their lease, which an owner / user or investor may negotiate directly with them. The tenant’s current lease extends through January 14, 2031 and is actively marketing their space for sublease in the event the purchasor should not be interested in reaching a termination agreement with the tenant. In planning for orginal occupancy there were over $2MM of tenant improvements put into the space inclusive of 18,904 SF of completely new office.
EL CAJON, CA 919111111 PIONEER WAY
No warranty or representation is made to the accuracy of the foregoing information. Terms of sale or lease and availability to change or withdrawl without notice.
UTC
LA JOLLA
PACIFIC BEACH
MISSIONVALLEY
POINT LOMA
CORONADO
IMPERIAL BEACH
CHULA VISTA
TIJUANA
NORTHPARK
KEARNYMESA
CARMELVALLEY
DELMAR
MIRAMAR
SCRIPPSRANCH
ELCAJON
MIRAMESA
LA MESA
ENCINITAS
CARLSBAD
OCEANSIDE
NATIONAL CITY
SANTEE
California 67
SPRING VALLEY CITY HEIGHTS
DEL CERRO
California 125
OTAY RANCH
OTAY MESA
ALPINE
SAN DIEGO INTL. AIRPORT
SAN DIEGO BAY
8
5
5
5
805
805
805
8
15
8
15
California
California California
California
California
California
California
54
California
California
94
905
163 125
5252
56
94
BUILDING SUMMARY:
FIRST FLOOR SECOND FLOOR
EL CAJON, CA 919111111 PIONEER WAY
No warranty or representation is made to the accuracy of the foregoing information. Terms of sale or lease and availability to change or withdrawl without notice.
FLOORPLAN
CUYA
MAC
A S
T
FLETCHER PARKWAY
GILLESPIE FIELD
W BR ADLEY AVE
N MARSHALL AVE
GILLESPIE FIELD TROLLEY LINE
1111P1ONEER
TENANT DATA
Triumph Group, Inc. designs, engineers, manu-factures, repairs and overhauls a broad portfolio of aircraft structures, components, accesso-ries, subassemblies and systems. The compa-ny serves a broad, worldwide spectrum of the aviation industry, including original equipment manufacturers of commercial, regional, business and military aircraft and aircraft components, as well as commercial and regional airlines and air cargo carriers.
Lease information: • Term Remaining: 10+ Years • Commencement: Jan 15 2016• Current Rate: $0.65 PSF• Current NOI: $864,596
Tenant put in over $2,000,000 of improvements to their space before occupying.
Truimp Group, Inc. (NYSE: TGI)
EL CAJON, CA 919111111 PIONEER WAY
No warranty or representation is made to the accuracy of the foregoing information. Terms of sale or lease and availability to change or withdrawl without notice.
EXCLUSIVELY LISTED BY
Chris NelsonPartner
[email protected] 949.280.6217
CA License: #02055962
Sam SukutPartner
[email protected] 949.939.1219
CA License: #02030355
James RennerPresident
CA License: # #01308083
1111P1ONEER
