Industrial Appraisal in El Cajon

We recently just completed a commercial valuation of an industrial business park in El Cajon, San Diego County, California. This property is located at the very northern edge of the city limits of El Cajon near Santee. This multi-tenant industrial development was constructed in 1979. The property totals 163,740 square feet. The improvements are average quality and condition. The park is 84% occupied of which 53% is occupied by the owner. The property features heavy power, 18′ to 24′ clear heights, 10% office finish, loading ramps, and grade-level & dock-high loading doors. Vacancy in El Cajon Industrial Submarket is 6.7% while asking rents are $0.65 PSF. This commercial property appraisal was conducted for national financial institution, specifically for U.S. Small Business Financing.