2801-2811 University Ave
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2801-2811 University Ave
9,000 SF 50% Leased Retail Building San Diego, CA 92104 $5,400,000 ($600/SF)
Investment Highlights
- Heavy Daytime Foot Traffic
- Located in the Heart of North Park
- High Traffic & Excellent Visibility
Executive Summary
The North Park trade area has undergone a resurgence, and is viewed as one of the strongest retail trade areas in the County. It is considered a culturally diverse area, with art galleries, boutiques, trendy bars, many breweries, and trendy restaurants. The on-going redevelopment has seen an increasing demand for this trade area. The building is a two-tenant building of approximately 9,000 SF.
The subject is located on the SEC of University Avenue and 28th Street. The building is a two tenant building, 50% NNN leased, to long term tenant, The Mission Café.
The site offers the opportunity to capitalize on the ability to own in San Diego – a purchaser could occupy vs. lease and enjoy pride of ownership along with equity appreciation. A purchase also allows for the opportunity for SBA financing to increase investment returns.
The subject is located on the SEC of University Avenue and 28th Street. The building is a two tenant building, 50% NNN leased, to long term tenant, The Mission Café.
The site offers the opportunity to capitalize on the ability to own in San Diego – a purchaser could occupy vs. lease and enjoy pride of ownership along with equity appreciation. A purchase also allows for the opportunity for SBA financing to increase investment returns.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
9,000 SF
Building Class
C
Year Built
1924
Price
$5,400,000
Price Per SF
$600
Percent Leased
50%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.98
Lot Size
0.21 AC
Zoning
C - Commerical
Frontage
90 FT on University Ave
Amenities
- Signage
Walk Score ®
Walker's Paradise (99)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 453-111-01 | Improvements Assessment | $847,574 |
| Land Assessment | $3,499,666 | Total Assessment | $4,347,240 |
PROPERTY TAXES
Parcel Number
453-111-01
Land Assessment
$3,499,666
Improvements Assessment
$847,574
Total Assessment
$4,347,240
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2801-2811 University Ave
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