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504-514 S Magnolia Ave 5,520 SF Office Building El Cajon, CA 92020 $3,041,500 CAD ($551.00 CAD/SF)
INVESTMENT HIGHLIGHTS
- Fully leased medical office
- Located in a designated Opportunity Zone
- Flexible Floor Plan for Medical or Professional Office Use
- SBA Financing Potential (51%+ Owner-User Requirement Easily Met)
- ±5,520 SF building on ±0.39-acre parcel
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
Sale Type
Owner User
Property Type
Office
Property Subtype
Medical
Building Size
5,520 SF
Building Class
C
Year Built
1958
Price
$3,041,500 CAD
Price Per SF
$551.00 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
5,520 SF
Slab To Slab
8’
Building FAR
0.32
Lot Size
0.39 AC
Opportunity Zone
Yes
Zoning
OP - Medical Office
Parking
8 Spaces (1.45 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
- DDA Compliant
- Air Conditioning
1 1
Walk Score®
Very Walkable (81)
PROPERTY TAXES
| Parcel Number | 488-272-12 | Improvements Assessment | $1,092,637 CAD |
| Land Assessment | $718,840 CAD | Total Assessment | $1,811,477 CAD |
PROPERTY TAXES
Parcel Number
488-272-12
Land Assessment
$718,840 CAD
Improvements Assessment
$1,092,637 CAD
Total Assessment
$1,811,477 CAD
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504-514 S Magnolia Ave
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