6172-6196 University Ave - Storefront FOR SALE


San Diego, CA 92115- Rolando
$6,000,000 USD
619-679-9017
6172-6196 University Ave, San Diego, CA for Sale
$6,000,000 USD
Storefront - FOR SALE
1/24
null | 7.25% Cap Rate

6172-6196 University Ave
San Diego, CA 92115
Rolando


HIGHLIGHTS

  • 94% occupied with six new leases signed in 2025 and one in 2026
  • Major 2024–2025 capital improvements: new fire sprinklers, stormwater BMP compliance, electrical panel upgrades, and backflow preventer
  • 28 dedicated parking spaces with dual access via University Ave and Cartagena St
  • Most leases include 3% annual escalations

OVERVIEW

Palm Tree Properties presents 6172–6196 University Ave, a ±20,934 SF retail and mixed-use investment at the signalized corner of University Ave and College Ave in San Diego's Mid-City corridor. The three-parcel, ±0.82-acre site contains 30 revenue-generating units: 9 retail suites, 3 warehouse suites, 17 small-bay workshops, and a 3-bedroom apartment. Located on one of San Diego's primary east-west retail corridors, 0.6 miles from SDSU (37,000+ students), 0.7 miles from the I-8 freeway, and within a designated Transit Priority Area. CC-4-3 / RS-1-7 zoning supports long-term repositioning. Showings by appointment only. CONTACT ERIK@PALMTREEPROPERTIES.COM FOR OFFERING MEMORANDUM

FOR SALE DETAILS

PRICE

$6,000,000 USD

PRICE/SF

$287 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

undefined, Storefront Retail/Residential, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.82 AC

LAND SF

35,719 SF

ZONING

CC-4-3

APN/PARCEL ID

473-210-01,473-280-34,473-280-35

ASK ABOUT THIS PROPERTY

Erik EgelkoPalm Tree PropertiesMore Info
619-679-9017

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Erik EgelkoPalm Tree PropertiesMore Info
619-679-9017

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