7-Eleven Anchored Property with multi-tenant Retail/Office. Transacted by Ken Robak and Brian Crepeau of Pacific Coast Commercial
EL CAJON, CA (January 22, 2025) - Pacific Coast Commercial, a leading commercial real estate firm, announced the $4.3 million sale of a prime commercial property located at 1522-1524 Graves Avenue in El Cajon, California. The property was sold by the Arlette Investment Trust, represented by Ken Robak and Brian Crepeau of Pacific Coast Commercial, and purchased by 7- Eleven, Inc., represented by Spencer Kerrigan of Voit Commercial.
The property features a ±2,400 square foot 7-Eleven store with a 4-pump gas station, a ±2,500 square foot strip retail center anchored by the long-standing Sombreros Mexican Restaurant, and a ±3,200 square foot two-story office building. The property is situated at a highly visible signalized intersection along State Route 67, providing exceptional accessibility and exposure.
“This sale reflects the strong demand for well-located, income-producing commercial properties in the San Diego market, The long-term tenants, stable lease structure, and flexible development potential all contributed to achieving this exceptional price and a strong cap rate of 4.0% in a competitive market.” said Ken Robak.
"The robust demand we've seen for well-located, income-producing properties demonstrates the continued strength of the San Diego commercial real estate market," added Brian Crepeau, Principal of Pacific Coast Commercial. "We're pleased to have achieved an excellent outcome for our client through this transaction."
7-Eleven, Inc, the buyer and tenant since 1976 will continue to operate convenience services along with its four-pump gas station
Sale Highlights:
Sale Date: 1/21/2025
Sale Price: $4,300,000
Price per SF: $543
Cap Rate: 4.0%
Address: 1522-1524 Graves Avenue, El Cajon, CA 92021
Buildings: 2,400 SF 7-Eleven, 2,500 SF Strip Retail, 3,200 SF Office
Land Area: 33,853 SF
Zoning: County of San Diego Convenience Commercial
About Pacific Coast Commercial
Pacific Coast Commercial is a full-service commercial real estate firm providing comprehensive services to investors, owners, and occupiers throughout the San Diego region. The firm's team of experienced professionals specializes in the sale, leasing, and management of retail, office, industrial, and multi-family properties. For more information, visit www.pacificcoastcommercial.com .
CONTACT INFORMATION
Ken Robak
Executive Director | Brokerage
(619) 469-3600
Lic. 01236527
Brian Crepeau
Executive Director | Brokerage
(619) 469-3600
Lic. 01169628
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