6780 Miramar Rd
San Diego, CA 92121

The Totah Group of Marcus & Millichap is pleased to exclusively market for sale the fee simple interest of Miracrest Plaza at 6780 Miramar Road. San Diego, CA 92121, in Central San Diego’s commuter neighborhood of Miramar. This sale represents a rare opportunity for an investor to acquire an established Internet resistant Retail shopping strip in a low velocity submarket, listed for sale for the first time in the property’s history. This 24,273 square-foot building sits on 1.23 Acres of land and features 2 stories of retail space. Located on the signalized intersection of Miramar Road and Commerce Ave, adjacent to San Diego’s Golden Triangle. The building was built in 1987 and originally developed by the seller who has owned the property and professionally managed and maintained since. The shopping center consists of 2 stories of retail, with twenty-two (22) tenants, ranging from Subway to Donato’s Taco Shop to Farmers Insurance to Bowl 2 Go. Over 82 surface parking spaces at a Ratio of 3.60/1,000 SF. No major tenant rolling over in the near term, with significant upside in rental rates in Year 1. This asset features quick sit-down dining and professional services with “Amazonproof” tenants. With traffic counts in excess of 42,000 cars per day, Miracrest has great signage and exposure to busy Miramar Rd. The property is proximal to an on-going 1,800 new home development called “3Roots” set to complete construction 2022. The new community planned for the former Hanson quarry, “3Roots” includes nearly 40 acres of parks, 8 miles of trails, a range of new homes close to regional job centers, new restaurants, shops and gathering spaces - all amidst hundreds of acres of preserved open space.