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Grove Executive Building 7227 Broadway 16,378 SF 90% Leased Office Building Lemon Grove, CA 91945 $4,263,690 CAD ($260.33 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
$4,263,690 CAD
Price Per SF
$260.33 CAD
Cap Rate
5.60%
NOI
$238,767 CAD
Percent Leased
90%
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
- -
-
$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
Open layout with one (1) private office, Abundant natural light and move-in ready finishes
Suite 304: Reception area with three (3) private offices, Abundant natural light
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl-Ste 104 | 230 SF | Office | - | Now |
| 3rd Fl-Ste 303 | 778 SF | Office | - | Now |
| 3rd Fl-Ste 304 | 626 SF | Office/Retail | Full Build-Out | Now |
1st Fl-Ste 104
| Size |
| 230 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
3rd Fl-Ste 303
| Size |
| 778 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
3rd Fl-Ste 304
| Size |
| 626 SF |
| Space Use |
| Office/Retail |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3rd Fl-Ste 303
| Size | 778 SF |
| Space Use | Office |
| Build-Out | - |
| Available | Now |
Open layout with one (1) private office, Abundant natural light and move-in ready finishes
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3rd Fl-Ste 304
| Size | 626 SF |
| Space Use | Office/Retail |
| Build-Out | Full Build-Out |
| Available | Now |
Suite 304: Reception area with three (3) private offices, Abundant natural light
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
40/100
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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