3603 College Ave
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3603 College Ave
4,400 SF 100% Leased Retail Building San Diego, CA 92115 $2,950,000 ($670/SF) 4.63% Cap Rate
Executive Summary
Prime investment opportunity! Triple net leases. Multi-Tenant Retail Shopping Center. 7-11 with 4 Gas Pumps. AA - Credit Tenant has been there since 1978 and just resigned new 5 year lease. Laundromat just signed new 10 year lease! Great for 1031. Strong triple net leases, with minimal landlord responsibilities. Rare corner location at signalized intersection. Over 615,000 people within a 5-mile radius of the property. Excellent location, just over 2 miles to SDSU
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,400 SF
Building Class
C
Year Built
1978
Price
$2,950,000
Price Per SF
$670
Cap Rate
4.63%
NOI
$136,620
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
0.40 AC
Zoning
CC-5-3 - High density, pedestrian oriented commercial development
Parking
15 Spaces (3.41 Spaces per 1,000 SF Leased)
Frontage
111 FT on College Ave
Amenities
- Bus Line
- Corner Lot
- Signage
- Signalized Intersection
- Air Conditioning
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 473-571-34 | Improvements Assessment | $831,169 |
| Land Assessment | $1,859,197 | Total Assessment | $2,690,366 |
PROPERTY TAXES
Parcel Number
473-571-34
Land Assessment
$1,859,197
Improvements Assessment
$831,169
Total Assessment
$2,690,366
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3603 College Ave
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