550 PARK BLVD.
San Diego, CA 92101 ·
5,713 SF · Retail For Sale
PARK BOULEVARD WEST COMMERCIAL CONDOMINIUMS
|Building Size||5,713 SF||No. Stories||1|
|Property Sub-type||Street Retail||Year Built||2003|
|Property Use Type||Net Lease Investment with 5 years left on lease|
|Listing ID: 15289507||Date Created: 08/15/2007||Last Updated: 05/06/2008|
JUST ANNOUNCED THOMAS JEFFERSON TO BUILD 8 STORY LAW SCHOOL NEXT DOOR TO PROPERTY!!! Conveniently located on the corner of Park Blvd. and Market Street, the retail space at Park Boulevard West is one of the most sought-after commercial properties in the Ballpark District. Since the property's completion in 2003, the 3 spaces have been completely built-out and fully leased to experienced retailers that cater their services to the thriving population of the area.
This investment is a triple net property that supplies a positive cash flow, with 3% increase in annual Net Operating Income. An opportunity to own Park Boulevard West's 5,713 SF of ground-floor retail space is sure to be rewarding to any investor's portfolio.
Set in the neighborhood of East Village, Park Boulevard West is centrally located to all types of amenities that increasingly contribute to the overall value of the property. The adjacent trolley stop brings in a great number of foot traffic to the area, not to mention the nearby bus stops. Besides that, Petco Park is a huge provider of visitors to East Village; therefore, creating abundant business transactions to retailers of this district. Additionally, while Park Boulevard West is already a part of the city's redevelopment plans for East Village, it is now also included in a new project, called Park-to-Bay Link, which proposes to use $30 Million to revitalize and improve the pedestrian walkways along Park Blvd.
- Fully leased - no Tenant Improvements needed
- Newly built in 2003
- Corner location
- NNN investment property
- Next to trolley stop = High foot traffic
- East Village, 1/2 mi from Petco Park
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