1858 Newton Avenue, San Diego, CA 92113
Commercial property
Sold February 2025
Listing Agent: Jacob Plewa (DRE #02041641) · Listing Office: REMAX COMMERCIAL & INVESTMENT REALTY · Contact: 310-802-2500 · Bought with: Jacob Plewa · REMAX COMMERCIAL & INVESTMENT REALTY · MLS #24418749 · Source: CRMLS
About this commercial property
One of the most unique properties in all of San Diego's famous Barrio Logan sector. This prime location property is situated blocks from Barrio Logan light rail station, NASCO shipyards, the US Navy, Local purveyors, and more. Located in the Historic Barrio Logan area lends you access to the Int 5 North and South, Int 1`5 North, Mexico, International Border, and Int 8 East. The average market rent for similar properties in the area at $1.26 /SF has a projected NOI of $358,797 equaling a 6.23% Cap Rate. Additionally the property is located in the government propcurement zone, as well it is in the Opportunity Zone allowing a savvy investor with the opportunity to potentially avoid capital gains tax.
Listing description from the February 2025 sale, as reported to CRMLS.
Sale history