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Grove Executive Building 7227 Broadway 16,378 SF 94% Leased Office Building Lemon Grove, CA 91945 $4,117,440 CAD ($251.40 CAD/SF) 5.60% Cap Rate
Executive Summary
7227 Broadway is a well-positioned, four-story multi-tenant office building located along the primary commercial corridor of Lemon Grove, California — a submarket of San Diego. Known as the Grove Executive Building, the property enjoys exceptional visibility to more than 20,000 vehicles per day on Broadway Avenue, with easy access to I-94 and SR-125 freeways.
The building features a diverse tenant mix including healthcare, insurance, professional services, and telecom, with several tenants in occupancy for over a decade. AT&T holds a rooftop easement lease providing additional revenue. 42 on-site parking spaces and ground-floor retail storefronts add further value.
The building features a diverse tenant mix including healthcare, insurance, professional services, and telecom, with several tenants in occupancy for over a decade. AT&T holds a rooftop easement lease providing additional revenue. 42 on-site parking spaces and ground-floor retail storefronts add further value.
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Building Size
16,378 SF
Building Class
C
Year Built
1975
Price
$4,117,440 CAD
Price Per SF
$251.40 CAD
Cap Rate
5.60%
NOI
$230,577 CAD
Percent Leased
94%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
4,095 SF
Slab To Slab
9’
Building FAR
0.74
Lot Size
0.51 AC
Zoning
GC, Lemon Grove - General commercial
Parking
42 Spaces (2.56 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Controlled Access
- Storage Space
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Beauty X Ink
- Professional, Scientific, and Technical Services
- -
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$9.99
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Lorem Ipsum
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Jan 0000
- Physical Property Analysis, LLC
- -
- -
- -
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Lorem Ipsum
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Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Beauty X Ink | Professional, Scientific, and Technical Services | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| Physical Property Analysis, LLC | - | - | - | Lorem Ipsum | Jan 0000 |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Suite 104: 230 SF ground level storage suite at $500/month, full-service
Suite 306: 778 SF office with reception, open area, and one private office at $1,450/month, full-service
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl-Ste 104 | 230 SF | Office | - | Now |
| 3rd Fl-Ste 306 | 778 SF | Office/Retail | Full Build-Out | Now |
1st Fl-Ste 104
| Size |
| 230 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
3rd Fl-Ste 306
| Size |
| 778 SF |
| Space Use |
| Office/Retail |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 104
| Size | 230 SF |
| Space Use | Office |
| Build-Out | - |
| Available | Now |
Suite 104: 230 SF ground level storage suite at $500/month, full-service
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3rd Fl-Ste 306
| Size | 778 SF |
| Space Use | Office/Retail |
| Build-Out | Full Build-Out |
| Available | Now |
Suite 306: 778 SF office with reception, open area, and one private office at $1,450/month, full-service
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 479-081-02 | Improvements Assessment | $1,047,150 CAD |
| Land Assessment | $972,354 CAD | Total Assessment | $2,019,504 CAD |
Property Taxes
Parcel Number
479-081-02
Land Assessment
$972,354 CAD
Improvements Assessment
$1,047,150 CAD
Total Assessment
$2,019,504 CAD
1 of 54
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
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Grove Executive Building | 7227 Broadway
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