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PARK BOULEVARD WEST COMMERCIAL CONDOMINIUMS
550 PARK BLVD., San Diego, CA 92101
5,713 SF | Retail
Retail Property - Off Market
- Building Size:
- 5,713 SF
- Property Type:
- Property Sub-type:
- Street Retail
- Property Use Type:
- Net Lease Investment with
- 5 years left on lease
- No. Stories:
- Year Built:
- Listing ID
- Last Updated
- over 1 year ago
- 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
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.
Map of 550 PARK BLVD., San Diego, CA 92101 (San Diego County)
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The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-BSO