501 1st Ave - Storefront Retail/Office FOR SALE


San Diego, CA 92101- Marina District
$5,750,000 USD
619-851-0288
501 1st Ave, San Diego, CA for Sale
$5,750,000 USD
Storefront Retail/Office - FOR SALE
1/7
null | 6.59% Cap Rate

501 1st Ave
San Diego, CA 92101
Marina District


HIGHLIGHTS

  • New 10-year lease with credit anchor tenant
  • Fully leased ground floor commercial condo in Downtown's most affluent neighborhoos
  • Strong national and local tenants that have operated for many years at this location
  • Stable income stream
  • Located on main thoroughfare through Downtown

OVERVIEW

New 10-Year Lease with credit anchor tenant Fully leased ground floor commercial condo in Downtown's most affluent neighborhood Strong national and local tenants that have operated for many years at this location, providing ownership with a stable income stream Located on main thoroughfare through Downtown with direct access from Convention Center to I-5 The Marina neighborhood has emerged as one of Downtown’s most sought after destinations Over 2,400 residential units within 0.25 mi and adjacent to RaDD (1.7 million SF urban commercial development) and Campus at Horton (world’s largest adaptive reuse project) California’s second largest city with over 3.2 million residents; average household income of $108,285 in a two mile radius Downtown features San Diego’s most popular attractions including Petco Park, Convention Center, Seaport Village, Waterfront Park, and the Embarcadero

FOR SALE DETAILS

PRICE

$5,750,000 USD

PRICE/SF

$449 USD /SF

CAP RATE

6.59%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Atria on Market

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

1.36 AC

LAND SF

59,242 SF

ZONING

MRPD, San Diego

APN/PARCEL ID

535-072-07-02

ASK ABOUT THIS PROPERTY

Bill ShraderUrban Property Group Inc.(UPG)More Info
619-851-0288

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Bill ShraderUrban Property Group Inc.(UPG)More Info
619-851-0288

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