Offer Price:

$15,675,000

Price/SF:

$506.44

Rentable Building Area:

30,951 SF

Land SF:

27,213 SF (0.62 AC)

 

NOI:

$905,910

In Place Cap Rate:

5.78%

Leased:

100%

Status:

Available



Investment Highlights
  • 30,951 SF Urban Mixed-Use – Retail, Office, Residential & Billboards
  • 4 Building and 3 Parcel Portfolio Anchored by Mattress Firm
  • Fully Leased with 92% of Tenants on NNN Leases and no major rollover
  • In Place Cap Rate of 5.78% and NOI of $905,910
  • Set Increases, Providing Consistent NOI Growth and Strong Hedge Against Inflation
  • 27,213 SF (0.62 AC) Lot Zoned CC-3-8, part of Complete Communities Housing which allows for FAR 8.0, Future Development Opportunity
  • Located in the historic retail corridor of University Avenue one of the most highly trafficked streets in Urban San Diego

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