535 Florence St - Freestanding FOR SALE
Imperial Beach, CA 91932 |
$6,500,000 USD
858-373-3184
535 Florence St
Imperial Beach, CA 91932
HIGHLIGHTS
- 100% Occupied 2-Tenant Strip - New 10- Year Term for NOVO Brewery - High-Quality 2-Tenant NNN Investment Offering Built-In Rent Growth.
- Current Inline Tenant Rent Is Substantially Below Market, Creating Immediate Mark-to-Market Potential Upon Renewal or Re-Tenanting.
- Prime Coastal Location Minutes from the Beach - Positioned Just Blocks from Imperial Beach Shoreline, benefiting from Strong Year-Round Foot Traffic.
- Immediate Access to Bayshore Bikeway Trail System - Situated Near the Renowned 24-Mile Scenic Trail Connecting Imperial Beach to Coronado & Downtown.
- Located in One of San Diego’s Fastest-growing Coastal Markets - Imperial Beach has Undergone Significant Revitalization.
- Strong Local Population Growth and Demand Drivers - Densely Populated and Affluent San Diego Location.
OVERVIEW
Novo Brazil Brewing & Rad Power Bikes Strip Center | Prime Coastal Location - Minutes from the Beach | Surrounded by Thriving Hospitality and Recreation | Densely Populated and Affluent San Diego Area | Minutes from US/Mexican Border - Busiest Land Border Crossing in World | Located in One of San Diego’s Fastest-Growing Coastal Markets
FOR SALE DETAILS
PRICE
$6,500,000 USD
PRICE/SF
$433 USD /SF
CAP RATE
6.5%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
PRIME COASTAL OPPORTUNITY | 2-TENANT STRIP
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Fast Food, Restaurant, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2017
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.85 AC
LAND SF
37,026 SF
ZONING
M
APN/PARCEL ID
616-021-14,626-192-03
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858-373-3184
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858-373-3184
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