748-752 6th Ave - Storefront Retail/Office FOR SALE


San Diego, CA 92101- Marina District
$4,700,000 USD
619-269-6076
748-752 6th Ave, San Diego, CA for Sale
$4,700,000 USD
Storefront Retail/Office - FOR SALE
1/4
null | 6.02% Cap Rate

748-752 6th Ave
San Diego, CA 92101
Marina District


HIGHLIGHTS

  • 100% Leased to 3 Long-Term Tenants
  • Ease of Management & Annual Rent Increases
  • Excellent Gaslamp Location Surrounded by Hotels, Restaurants & Residential

OVERVIEW

Stable, Leased Investment with Annual Rent Bumps • The property is 100% leased to 3 long-term tenants: Hub Market & Deli, Pushkin Lounge & Bar, and Briad Group. The Hub Market business has occupied the property for 30+ years, while Pushkin and Briad have occupied it for 10 & 9 years, respectively. • Ease of management property with minimal Landlord responsibilities and 3.0% annual rent increases for each tenant. Excellent Downtown Location • The property is well situated in the heart of the Gaslamp and surrounded by hotels, residential, and new restaurants. • With high pedestrian traffic and prominent street front visibility, the property is well positioned for long-term retail success. Long-Term Passive Investment Opportunity • Attractive yield for a downtown San Diego Gaslamp retail investment with stable, long-term historical occupancy and future rent growth imbedded in the leases. • Property presents and ideal passive investment opportunity to hold for the long-term. Busy, Thriving Downtown Corridor • The Gaslamp Quarter in downtown San Diego is one of the region’s busiest communities offering an abundance of dining and entertainment options for both locals and tourists. • The area surrounding the property is very densely populated with 54,476 residents plus 21,454 hotel rooms in a 1-mile radius.

FOR SALE DETAILS

PRICE

$4,700,000 USD

PRICE/SF

$710 USD /SF

CAP RATE

6.02%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

5,001 SF

ZONING

GQPD, San Diego

APN/PARCEL ID

535-093-11

ASK ABOUT THIS PROPERTY

Rob BloomDUHS CommercialMore Info
619-269-6076

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Rob BloomDUHS CommercialMore Info
619-269-6076

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