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301 W Washington St - Mission Florence

4,347 SF Retail Condo Unit Offered at $2,260,000 in San Diego, CA 92103

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Investment Highlights

Located in Mission Hills - One of San Diego’s Most Desirable & Established Neighborhoods
Centrally Located Between I-5 & Hwy 163
10 Shared On-Site Covered Parking Spaces Located Behind Retail Suites

Steps to the Scripps Mercy Hospital, Balboa Park, & Hillcrest Business District
Close Proximity to Hillcrest, Old Town, Bankers Hill, & Downtown
Street Parking Available

Executive Summary

First floor consists of three commercial retail suites. Upper levels consists of 18 luxury residential condos.

Property Facts

Price	$2,260,000	Building Class	C
Unit Size	4,347 SF	Floors	5
No. Units	1	Typical Floor Size	6,220 SF
Total Building Size	31,099 SF	Year Built	2007
Property Type	Multifamily (Condo)	Lot Size	0.33 AC
Property Subtype	Apartment General Retail Storefront Retail/Residential Office Office Residential	Parking Ratio	2/1,000 SF
Sale Type	Investment or Owner User	Sale Conditions	1031 Exchange

Price	$2,260,000
Unit Size	4,347 SF
No. Units	1
Total Building Size	31,099 SF
Property Type	Multifamily (Condo)
Property Subtype	Apartment General Retail Storefront Retail/Residential Office Office Residential
Sale Type	Investment or Owner User
Building Class	C
Floors	5
Typical Floor Size	6,220 SF
Year Built	2007
Lot Size	0.33 AC
Parking Ratio	2/1,000 SF
Sale Conditions	1031 Exchange

1 Unit Available

Unit 301-321

Unit Size	4,347 SF	Cap Rate	5.86%
Price	$2,260,000	NOI	$132,436
Price Per SF	$519.90	Sale Conditions	1031 Exchange
Condo Use	Retail	APN/Parcel ID	444-631-24-03, 444-631-24-19
Sale Type	Investment or Owner User

Unit Size	4,347 SF
Price	$2,260,000
Price Per SF	$519.90
Condo Use	Retail
Sale Type	Investment or Owner User
Cap Rate	5.86%
NOI	$132,436
Sale Conditions	1031 Exchange
APN/Parcel ID	444-631-24-03, 444-631-24-19

Description

This is a 3 suite multi-tenant first floor retail condo. Residential above first floor retail condo is not a part of this offering.

Suite 301 is a unique retail owner user opportunity. The space is a window-lined +/- 1,500 SF retail suite that is currently built out as quick-service restaurant with grease trap, freezer/cooler, multiple floor drains, and abundant power.

Suite 311 is occupied by Barkhouse, which has been in-place since 2016. Suite 321 is occupied by Studio Barre, which has been in place since 2014.

Sale Notes

3 Suite Retail Condo For Sale. 1,500 SF Vacant for Owner/User and/or for Lease. Sign and return NDA at end of brochure for Full Marketing Package and Financials.
Buyer/User Income: $9,815/Month (Base Rent + NNN)
Investment Proforma: 5.86% CAP Rate.