1043-1045 6th Ave - Storefront Retail/Residential FOR SALE


San Diego, CA 92101- Marina District
$2,500,000 USD
415-250-4947
1043-1045 6th Ave, San Diego, CA for Sale
$2,500,000 USD
Storefront Retail/Residential - FOR SALE
1/39
null | 5.23% Cap Rate

1043-1045 6th Ave
San Diego, CA 92101
Marina District


HIGHLIGHTS

  • Market 7.5% Cap Rate & 7.4 GRM
  • Eight Large 1Bed/1Bath Units Two Commercial Stores
  • 1900 Construction & Well Maintained

OVERVIEW

Berkadia and Northmarq are thrilled to present the exclusive opportunity to acquire The Marion, a distinguished mixed-use property located in the vibrant Core-Columbia neighborhood of Downtown San Diego. This fully occupied asset comprises of eight residential units and two commercial units, offering a unique investment prospect in one of San Diego’s most sought-after areas. The Marion boasts an outstanding Walk Score of 99, epitomizing a Walker’s Paradise. Residents are surrounded by a plethora of dining options, trendy bars, and diverse retail establishments, providing unparalleled lifestyle amenities for today’s modern and discerning renters. The convenience of this location allows residents to indulge in a variety of activities without the need for a vehicle. Whether enjoying a gourmet dinner, shopping for essentials, or experiencing the lively nightlife of San Diego’s iconic Gaslamp District, everything is within easy reach. This property not only offers an exceptional living experience but also represents a strategic investment in a thriving urban environment. The Core-Columbia neighborhood is known for its dynamic atmosphere, characterized by a blend of cultural, culinary, and entertainment offerings that attract both locals and visitors alike. With its prime location, full occupancy, and diverse amenities, The Marion stands out as a premier investment opportunity in the heart of San Diego.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$185 USD /SF

CAP RATE

5.23%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Marion

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

CCPD-CORE

APN/PARCEL ID

534-186-03

ASK ABOUT THIS PROPERTY

Benn VogelsangNorthmarqMore Info
415-250-4947

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Benn VogelsangNorthmarqMore Info
415-250-4947

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.