PREMIERE SIGNAGE! No other property in the area can provide such prominent exposure for your company's name. +20-foot long backlit signs may be installed facing 7th Avenue and Island Avenue at their intersection which has approx 23,200 cars per day. Two blocks from Petco Park which has over 3.5 million visitors per year, providing high levels of visibility for your signage.
AN OWNER/USER CAN OCCUPY FOR A NET COST OF JUST $.73! For an owner/user buyer who occupies two floors and collects rent from tenants on the other two floors, the projected net cost after receiving rents, deducting expenses, and taking a depreciation deduction is projected at approx $.73 per square foot per month all-in.
For an investor, on a 10-year hold the pro forma leveraged IRR is approx 14.7% and the projected gain on investment is approx $5.6 million.
The property is also zoned for residential, so part or all of the spaces may be converted to apartments or condos in the future, if desired.