A premier investment opportunity, the center is currently 93% occupied, offering short-term leases at significantly below market rates. Investors can quickly enhance value by extending leases at market retail rates or by unlocking significant underlying potential through new multifamily redevelopment. The 4.02-acre site is positioned within the City’s Complete Communities plan, which supports a range of multifamily housing scenarios—allowing for up to 646 units within a “by-right” ministerial process. The Shops at Madison Place presents investors with a compelling opportunity to generate immediate cash flow while executing a strategic value-add or redevelopment plan in one of San Diego’s most sought-after submarkets. With strong market fundamentals and flexible repositioning options, the asset is well positioned to deliver significant returns. -Prime Retail Location - Located at the intersection of Clairemont Mesa Boulevard and I-805, Madison Place is a prime retail destination. Situated in a densely populated neighborhood near Madison High School, the center offers high visibility and easy access, and abundant parking for customers. -Significant NOI Growth   - Due to embedded rental increases, rolling below-market rents to market, and lease-up of the vacant space, the NOI is projected to increase more than $962,993 (73%) over the anticipated hold period, providing immediate income growth and a strong hedge against inflation. -Below Market Rental Upside - Based on the surrounding trade area and coupled with the ability to offer long term leases, the existing market rent for the asset is 18.69% below market. This offers an investor a rare value add retail asset in a trade area with a 3.2% Vacancy Rate.. -Strong CAGR  –  Madison Place boasts a robust Compound Annual Growth Rate (CAGR) of 5.65%. -Seasoned Tenancy - 53% of leased GLA have been at this property for 6+ years, proving resilience in a variety of economic conditions and in the face of potential redevelopment. -Flexible Zoning - The project falls within the Complete Communities Tier 4 area with a 4.0 FAR, meaning there is no discretion from the city on approvals and development can occur via a ministerial “process one” development timeline.