Highlights

• One Full City Block on Kettner Boulevard Between Ivy and Hawthorne Street (Two Hard Corners)
• Excellent Demographics | 5 Mile Radius Population of 435,723
• Prime Little Italy Development Opportunity | 2 Blocks From the Bay

• Caliber Collision Centers Corporately Guaranteed Lease - They Currently Operates 66 Locations
• Annual Rental Increases (Min 2% - Max 4%) - Hedge Against Inflation
• Lease Expires in 2015 (No Options Left)

Description

One Full City Block on Kettner Boulevard. This is "fee interest" or a "fee simple ground lease" where the investor is buying the dirt. Caliber Collision Centers operates over 66 locations. Prime Little Italy Development Opportunity - only 2 Blocks From the Bay.

This offering consists of 6 adjacent parcels, (30,001 SF), that front an entire Block of Kettner Boulevard - from Ivy to Hawthorn Street. This opportunity is perfect for an investor looking to obtain a guaranteed, yet modest, income stream in exchange for future upside in land appreciation and development potential. The land will appreciate due to the zoning which permits mixed-use / commercial construction. Caliber Collision Centers just exercised their final option on the property, which expires December 2015. Caliber Collision Centers, who have corporately guaranteed the lease, currently operates 66 locations. This lease also calls for rare annual increases (Min 2% - Max 4%).

A prospective investor will work their way through the generous CCPD-NC zoning. CCPD-NC designation provides for a variety of mixed and commercial permitted uses.

The property is a part of the Little Italy Focus Plan and is subject to the Airport Environs Overlay Zone and the Airport Approach Overlay Zone. The property also qualifies for the Facade Improvement Program.

The property is located in downtown San Diego (92101) in the desirable neighborhood of "Little Italy". The property is located near the airport, with 5 Freeway exits literally 2-3 blocks away. Because of the bay views and high traffic counts, this will eventually be the perfect mixed use development.