1485 E St - Bowling Alley FOR SALE


San Diego, CA 92101- East Village
$7,000,000 USD
619-994-2817
1485 E St, San Diego, CA for Sale
$7,000,000 USD
Bowling Alley - FOR SALE
1/14
null | 8.46% Cap Rate

1485 E St
San Diego, CA 92101
East Village


HIGHLIGHTS

  • Dense Urban Location with Convenient Accessibility
  • Credit Tenancy – 100% leased to Punch Bowl Social
  • Built in NOI Growth

OVERVIEW

Located in San Diego’s vibrant East Village, the Coliseum at 1485 E Street—home to Punch Bowl Social—is a premier dining and entertainment destination. With its prime location, upscale amenities, and substantial tenant improvements to the building, this property is poised for continued success and growth. -Dense Urban Location with Convenient Accessibility    Downtown San Diego East Village is home to many new restaurants, Petco Park, numerous new apartments and condo developments, totaling 11,000 residential units -Irreplaceable Urban Real Estate - Due to the downtown nature of this location and the density of the trade area, developable commercial land is scarce making this property virtually irreplaceable. -Favorable Master Leasehold Estate - This is an opportunity to purchase ±20,523 sq ft of physical improvements under the terms of a long term 55 ground lease (47 years remaining); with ‘right of first offer’ to purchase the premises from ground lessor during the initial 55 year lease term. -Recent Renovation - Tenant recently underwent an extensive renovation at its sole cost, further proving the tenant’s long-term commitment to this location.  -Credit Tenancy – 100% leased to Punch Bowl Social, founded in 2012 and which has experienced significant growth and recognition for its unique concept. Now operating 14 locations across the nation.  -Built in NOI Growth - The asset offers fixed increases every 5 years allowing for passive income growth.

FOR SALE DETAILS

PRICE

$7,000,000 USD

PRICE/SF

$341 USD /SF

CAP RATE

8.46%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Punch Bowl Social

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bowling Alley

ADD'L SUBTYPES

Bar, Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.47 AC

LAND SF

20,517 SF

ZONING

CCPD-ER

APN/PARCEL ID

534-354-06

ASK ABOUT THIS PROPERTY

Reg KobziCBRE, Inc.More Info
619-994-2817

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Reg KobziCBRE, Inc.More Info
619-994-2817

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