Gaslamp Square | 435 4th Ave
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Gaslamp Square 435 4th Ave
54,856 SF 72% Leased 4-Star Retail Building San Diego, CA 92101 For Sale
Investment Highlights
- Immediate Value-Add Opportunity
- Embedded Value From Attractive Parking Component
- Centrally Located in San Diego's Premier Tourism District
- Highly Affluent Demographics
- Rapidly Expanding Trade Area
- Direct Consumer Demand Through Conjoined Apartment Units
Executive Summary
JLL, as an exclusive advisor, is pleased to present the opportunity to acquire Gaslamp Square (the “Property”), a 54,856 SF ground floor urban retail center and 541 space parking structure over 223 residential units located in the heart of downtown San Diego, CA at the intersection of J Street and Fifth Ave. The Property’s 76.6% occupancy provides potential investors a significant opportunity to add value, while also offering security with a WALT of 6.6 years. Gaslamp Square offers an eclectic mix of food, beverage, and daily needs tenants that cater to the millions of downtown San Diego visitors each year. The Property centrally located within the Gaslamp Quarter, the premier entertainment, dining and nightlife district in one of the most visited cities in the United States.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
54,856 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2004
NOI
$2,780,808
Percent Leased
72%
Tenancy
Multiple
Building Height
7 Stories
Building FAR
1.54
Land Acres
0.82 AC
Zoning
GQPD - Gaslamp Quarter
Parking
259 Spaces (4.72 Spaces per 1,000 SF Leased)
Frontage
179 FT on 5th Ave
Amenities
- Bus Line
- Signage
- Signalized Intersection
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 450 Fifth Ave
- 2,832 SF
- Retail
- In-Line
- Now
- 460 Fifth Ave
- 2,334 SF
- Retail
- In-Line
- Now
- 4th & J (400 J St)
- 10,385 SF
- Restaurant
- End Cap
- Now
| Space | Size | Space Use | Position | Available |
| 450 Fifth Ave | 2,832 SF | Retail | In-Line | Now |
| 460 Fifth Ave | 2,334 SF | Retail | In-Line | Now |
| 4th & J (400 J St) | 10,385 SF | Restaurant | End Cap | Now |
450 Fifth Ave
| Size |
| 2,832 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
460 Fifth Ave
| Size |
| 2,334 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
4th & J (400 J St)
| Size |
| 10,385 SF |
| Space Use |
| Restaurant |
| Position |
| End Cap |
| Available |
| Now |
Walk Score ®
Walker's Paradise (98)
Transit Score ®
Excellent Transit (79)
Bike Score ®
Very Bikeable (84)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $8,100,000 | |
| Land Assessment | $6,550,000 | Total Assessment | $14,650,000 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$6,550,000
Improvements Assessment
$8,100,000
Total Assessment
$14,650,000
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Daniel Tyner -
Gleb Lvovich -
Geoff Tranchina -
Conor Quinn -
JLL
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Gaslamp Square | 435 4th Ave
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