Bernardo Heights Plaza | 15727-15731 Bernardo Heights Pky
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Bernardo Heights Plaza 15727-15731 Bernardo Heights Pky
37,729 SF 100% Leased Retail Building San Diego, CA 92128 For Sale
INVESTMENT HIGHLIGHTS
- Strong Performing Grocer Anchor – Sprouts is one of the largest and fastest growing specialty retailers of fresh, natural and organic food in the U.S.
- Minimal Property Management Requirements – Bernardo Heights Plaza is comprised of five tenants within one building/structure.
- Affluent Residential Community – The surrounding area is amongst North San Diego’s most affluent communities.
- National and Regional Tenancy - Approximately 94% of the square footage is comprised of national and regional tenants.
- Stabilized Investment in Vibrant Location – The property is 100% occupied and is positioned in a healthy retail submarket.
- Dense Residential Submarket – Approximately 80,601 residents and 163,925 residents within a three and five-mile radius, respectively.
EXECUTIVE SUMMARY
Bernardo Heights Plaza is a 37,729 square foot grocery-anchored neighborhood shopping center located in the affluent and supply-constrained San Diego community of Rancho Bernardo. The property is situated on the signalized intersection of Bernardo Heights Pkwy. and Pomerado Rd. Anchored by a 23,786 square foot Sprouts Farmers Market, Bernardo Heights Plaza features a 94% national and regional tenant base. Sprouts recently (2023) extended their lease through 2030; demonstrating the tenant’s strong performance at the subject property.
A master planned community spanning 6,511 acres along the Interstate 15 corridor, Rancho Bernardo is amongst San Diego’s most affluent submarkets and is bordered by the affluent communities of Carmel Mountain Ranch, Rancho Penasquitos, and Poway. The surrounding area has average household incomes of approximately $141,180 and $146,799 within a one and three-mile radius of the property, respectively.
A master planned community spanning 6,511 acres along the Interstate 15 corridor, Rancho Bernardo is amongst San Diego’s most affluent submarkets and is bordered by the affluent communities of Carmel Mountain Ranch, Rancho Penasquitos, and Poway. The surrounding area has average household incomes of approximately $141,180 and $146,799 within a one and three-mile radius of the property, respectively.
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Supermarket
Building Size
37,729 SF
Building Class
B
Year Built/Renovated
1985/2006
NOI
$987,337
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.27
Lot Size
3.22 AC
Zoning
CN
Parking
189 Spaces (5.01 Spaces per 1,000 SF Leased)
Frontage
240’ on Bernardo Heights Pky
AMENITIES
- Pylon Sign
- Signage
- Signalized Intersection
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 274-912-38 | Improvements Assessment | $7,303,856 |
| Land Assessment | $8,209,523 | Total Assessment | $15,513,379 |
PROPERTY TAXES
Parcel Number
274-912-38
Land Assessment
$8,209,523
Improvements Assessment
$7,303,856
Total Assessment
$15,513,379
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Bernardo Heights Plaza | 15727-15731 Bernardo Heights Pky
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