213-955-6452
121 Broadway, San Diego, CA for Sale
Loft/Creative Space - FOR SALE
1/8
null | Request Cap Rate

121 Broadway
San Diego, CA 92101
Marina District


HIGHLIGHTS

  • 127,490 SF of vacant, predominantly open space ideally suited for conversion to residential, creative office, or hotel
  • 40,739 SF ground floor retail anchored by Corner Bakery and Citibank & 134 subterranean parking spaces
  • Significant in-place income from retail & parking
  • In-place Mills Act contract reduces taxes by up to 65%
  • Available at a material discount to replacement cost & priced to sell quickly
  • Amenity-rich location with 98 Walk Score

OVERVIEW

Cushman & Wakefield, Inc., as exclusive advisor, is offering for sale 121 Broadway (the “Property”) located in Downtown San Diego’s Gaslamp District. The Property contains prime ground floor retail anchored by Citibank and Corner Bakery, the historic Spreckels Theatre, 134 subterranean parking spaces, and five floors of currently vacant space. It represents a unique value-add opportunity to acquire a landmark asset at a reset basis that provides optionality for numerous potential uses. Ownership will respond to bona-fide offers in a timely manner. Please execute the confidentiality agreement at the following link for access to the offering memorandum and due diligence materials: https://my.rcm1.com/buyer/agreement?pv=lrU0s7z4ZMh-_EQDUWt3-E5_5T4ji0DwZs4sUYNgf0CbkQvobb5Oz62ItROIq4F7

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

STATUS

Under Renovation

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Spreckels Bldg

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

6

BUILDING CLASS

C

YEAR BUILT

1912

SPRINKLERS

-

PARKING SPACES

134

LAND DETAILS

LAND ACRES

1.08 AC

LAND SF

47,045 SF

ZONING

C

APN/PARCEL ID

533-610-14,533-610-15

ASK ABOUT THIS PROPERTY

Morgan JacksonCushman & WakefieldMore Info
213-955-6452

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Morgan JacksonCushman & WakefieldMore Info
213-955-6452

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