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.