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765 3RD AVENUE, CHULA VISTA, CA 91910

$11,500,000 -$500,000
0Beds
0Baths
Sqft
Style
Commercial
Listed Date 01/19/2017

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Property Highlights; True Value Add Asset Upon Leasing Vacant Space. Conservative ProForma CAP Rate of 8.25 % / Competitive Offering Actual CAP Rate of 6.12 %, Huge Upside Upon Leasing Vacant Space, Medical and/or Dental Office Suites are Permitted, All Units have separate HVAC and Electrical Meters, Steel Construction Building, Newly Renovated Offices With High Ceilings, Covered Secure Parking Structure and a Total Parking Ratio of 3.00/1,000 Sq. Ft. + Street Parking, Rental Comparables Illustrate a 90 % Occupancy Area, Pride Of Ownership, Absolute Turn Key Financeable Asset. Owner User Option with SBA Financing at 10% Down may be available. The Olvera Plaza is a three story Class A office building, strategically located in the heart of Downtown Chula Vista, CA. This all steel 1990 construction building with beautiful window lines totals 42,290 Sq. Ft. and is positioned on a 1.22 acre corner lot. The property is equipped with two elevators, a sprinkler system, ample on site and street parking along with private, covered keypad entry parking garage for tenants. Location Highlights; AAA Location in Chula Vista, California the second largest city in the San Diego metropolitan area, and the seventh largest city in Southern California. The property is strategically located in the heart of Downtown Chula Vista, blocks away from the Superior Court Building, City Hall and Police Department. The population of Chula Vista was 243,916 as of the 2010 census.

Listing courtesy of: ALBERT LE, LE INVESTMENT GROUP

Property type: Commercial
Status: Active
List Price: $11,500,000
MLS# IV17012398
Beds: 0
Baths: 0
Full Baths: 0
Half Baths: 0
Listed: 01/19/2017
Sqft:
Age: 28
Anchors Co Tenants: Government tenants
Attached Garage YN: No
Auto Sold YN: No
Building Area Total: 42290
Building Area Units: Square Feet
Building Status: Existing
Construction Materials: Steel
Cooling YN: No
County Or Parish: San Diego
Heating: Central Furnace
Heating YN: Yes
Fireplace YN: No
Foreclosure YN: No
New Construction YN: No
Pool YN: No
REO or Bank Owned YN: No
WaterWellYN: No
Year Built: 1990

Built In Year: 1990
Last Updated: 04/03/2018
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This listing belongs to the CHU - Chula Vista MLS area
Lat/Long: 32.62556, -117.0733.
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Nearby Schools

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Elementary Schools
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hilltop drive elementary school (k-6)
30 murray st
chula vista, CA 91910

0.70 miles from listing, Website 23 students per teacher Educational climate index: below average

24 staff members 556 total students Poverty level:16 - 29.9 percent percent Enrollment change: +5% to +10%

hilltop senior high school (9-12)
555 claire ave
chula vista, CA 91910

1.11 miles from listing, Website 18 students per teacher Educational climate index: below average

110 staff members 2042 total students Poverty level:16 - 29.9 percent percent Enrollment change: -10% to -15%

chula vista senior high school (9-12)
820 4th ave
chula vista, CA 91911

0.33 miles from listing, Website 10 students per teacher Educational climate index: below average

200 staff members 2000 total students Poverty level:16 - 29.9 percent percent Enrollment change: -20% to -50%

chula vista learning community charter school (k-8)
590 k st
chula vista, CA 91911

0.76 miles from listing, Website 22 students per teacher Educational climate index: below average

35 staff members 800 total students Poverty level:16 - 29.9 percent percent Enrollment change: +15% to +20%

bounce back independent study high school (8-12)
467 moss st
chula vista, CA 91911

0.75 miles from listing, Website Not Reported students per teacher Educational climate index: below average

staff members 2496 total students Poverty level:16 - 29.9 percent percent Enrollment change: -10% to -15%

options secondary school (7-12)
467 moss st
chula vista, CA 91911

0.75 miles from listing, Website 10 students per teacher Educational climate index: below average

20 staff members 200 total students Poverty level:16 - 29.9 percent percent Enrollment change: -20% to -50%

rice (lilian j.) elementary school (k-6)
915 4th ave
chula vista, CA 91911

0.46 miles from listing, Website 17 students per teacher Educational climate index: below average

40 staff members 700 total students Poverty level:16 - 29.9 percent percent Enrollment change: +1% to +5%

palomar high school (10-12)
480 palomar st
chula vista, CA 91911

1.43 miles from listing, Website 18 students per teacher Educational climate index: below average

25 staff members 450 total students Poverty level:16 - 29.9 percent percent Enrollment change: +1% to +5%

montgomery (john j.) elementary school (preschool-6)
1601 4th ave
chula vista, CA 91911

1.93 miles from listing, Website 31 students per teacher Educational climate index: below average

12 staff members 380 total students Poverty level:16 - 29.9 percent percent Enrollment change: +1% to +5%

pilgrim lutheran school (preschool-8)
497 e st
chula vista, CA 91910

1.50 miles from listing, Website 16 students per teacher Educational climate index: below average

9 staff members 148 total students Poverty level:16 - 29.9 percent percent Enrollment change:

southwestern christian school (k-8)
482 l st
chula vista, CA 91911

0.61 miles from listing, Website 11 students per teacher Educational climate index: below average

17 staff members 187 total students Poverty level:16 - 29.9 percent percent Enrollment change:

st. john''s episcopal school (preschool-8)
760 1st ave
chula vista, CA 91910

0.47 miles from listing, Website 14 students per teacher Educational climate index: below average

35 staff members 350 total students Poverty level:not reported percent Enrollment change:

bonita road christian school (preschool-6)
73 e bonita rd
chula vista, CA 91910

1.46 miles from listing, Website 14 students per teacher Educational climate index: unclassified

12 staff members 169 total students Poverty level:not reported percent Enrollment change:

bonita learning academy (preschool-k)
3368 bonita rd
chula vista, CA 91910

2.12 miles from listing, Website 6 students per teacher Educational climate index: below average

15 staff members 120 total students Poverty level:not reported percent Enrollment change:

st. rose of lima school (k-8)
473 3rd ave
chula vista, CA 91910

0.70 miles from listing, Website 23 students per teacher Educational climate index: below average

13 staff members 316 total students Poverty level:16 - 29.9 percent percent Enrollment change:

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