Spreckels Bldg | 121 Broadway
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Spreckels Bldg 121 Broadway
168,229 SF Vacant Office Building San Diego, CA 92101 For Sale
Investment Highlights
- 127,490 SF of vacant, predominantly open space ideally suited for conversion to residential, creative office, or hotel
- 1,463-seat performance theatre with operating agreement with AEG Management that can also be delivered unencumbered
- Historic designation & in-place Mills Act contract provides tax incentives
- 40,739 SF ground floor retail anchored by Corner Bakery and Citibank & 134 subterranean parking spaces
- Main & main location across the street from The Campus at Horton & walking distance to the trolley, convention center, and U.S. Grant hotel
- Seller financing available
Executive Summary
Cushman & Wakefield, Inc. is pleased to present the opportunity to acquire The Spreckels Building (the “Property”), one of San Diego’s most recognizable assets. Situated in the Gaslamp Quarter across from The Campus at Horton and blocks to the San Diego Convention Center, the Property is in a true “main & main” location. Occupying a full city block, the iconic six-story asset consists of five floors (127,490 SF) of open space with high ceilings and abundant natural light are ideally suited for education, healthcare, residential, creative office, or hotel uses; 40,739 SF of highly visible ground floor retail anchored by Corner Bakery and Citibank, a sought-after 1,463-seat performance theatre for live performances, concerts, comedy events, and children’s programming, and 134 parking spaces.
Please execute the confidentiality agreement at the following link for access to the offering memorandum and due diligence materials:
https://my.rcm1.com/buyer/agreement?pv=lrU0s7z4ZMh-_EQDUWt3-E5_5T4ji0DwZs4sUYNgf0CbkQvobb5Oz62ItROIq4F7
Please execute the confidentiality agreement at the following link for access to the offering memorandum and due diligence materials:
https://my.rcm1.com/buyer/agreement?pv=lrU0s7z4ZMh-_EQDUWt3-E5_5T4ji0DwZs4sUYNgf0CbkQvobb5Oz62ItROIq4F7
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
168,229 SF
Building Class
C
Year Built/Renovated
1912/2024
Percent Leased
Vacant
Tenancy
Multiple
Building Height
6 Stories
Typical Floor Size
28,038 SF
Building FAR
3.58
Lot Size
1.08 AC
Zoning
C - Commercial
Parking
134 Spaces (0.8 Spaces per 1,000 SF Leased)
Amenities
- Metro/Subway
- Property Manager on Site
- Restaurant
- High Ceilings
Walk Score ®
Walker's Paradise (98)
Transit Score ®
Excellent Transit (82)
Bike Score ®
Biker's Paradise (91)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $7,027,396 | |
| Land Assessment | $10,541,093 | Total Assessment | $17,568,489 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$10,541,093
Improvements Assessment
$7,027,396
Total Assessment
$17,568,489
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Spreckels Bldg | 121 Broadway
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