Offer Price:

$7,500,000

Pro Forma NOI:

$653,313

Pro Forma Cap Rate:

8.71%

Leased:

23.2%

Price Per SF:

$324.96

Status:

Available



Investment Highlights

  • Value Add Mixed-Use Opportunity in the Gaslamp Quarter of Downtown San Diego
  • 23,080 SF Building Situated on a 10,000 SF Lot
  • The asset consists of 4 Retail Suites, 1 Office, and 29 SRO Units (Astor Hotel)
  • The property is currently 23.2% occupied by tenants on MTM leases, presenting the opportunity for an investor to reposition, add value and stabilize the asset
  • WalkScore.com – Walker’s Paradise Score of (99)
  • Located on hard corner of 4th & E St. adjacent to Stockdale Partners “The Campus at Horton” Redevelopment which will bring Downtown San Diego over 4,000 high paying tech jobs

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