2801-2811 University Ave

Investment Highlights

Heavy Daytime Foot Traffic Located in the Heart of North Park High Traffic & Excellent Visibility

Executive Summary

The North Park trade area has undergone a resurgence, and is viewed as one of the strongest retail trade areas in the County. It is considered a culturally diverse area, with art galleries, boutiques, trendy bars, many breweries, and trendy restaurants. The on-going redevelopment has seen an increasing demand for this trade area. The building is a two-tenant building of approximately 9,000 SF. The subject is located on the SEC of University Avenue and 28th Street. The building is a two tenant building, 50% NNN leased, to long term tenant, The Mission Caf?. The site offers the opportunity to capitalize on the ability to own in San Diego ? a purchaser could occupy vs. lease and enjoy pride of ownership along with equity appreciation. A purchase also allows for the opportunity for SBA financing to increase investment returns.

• Sale Type    Investment or Owner User
• Property Type    Retail
• Property Subtype    Storefront Storefront General Retail Freestanding General Retail Restaurant General Retail Storefront Retail/Office Storefront
• Building Size    9,000
• Building Class    C
• Year Built    1924
• Price    5,400,000
• Price Per SF    600
• Percent Leased    50
• Tenancy    Multiple
• Building Height    1 Story
• Building FAR    0.98
• Land Acres    0.21 AC

• Signage