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1043-1045 6th Ave
San Diego, CA 92101
The Marion · Retail Property For Sale
Investment Highlights
- Market 7.5% Cap Rate & 7.4 GRM
- 1900 Construction & Well Maintained
- Eight Large 1Bed/1Bath Units Two Commercial Stores
Executive Summary
Berkadia and Northmarq are thrilled to present the exclusive opportunity to acquire The Marion, a distinguished mixed-use property located in the vibrant Core-Columbia neighborhood of Downtown San Diego. This fully occupied asset comprises of eight residential units and two commercial units, offering a unique investment prospect in one of San Diego’s most sought-after areas.
The Marion boasts an outstanding Walk Score of 99, epitomizing a Walker’s Paradise. Residents are surrounded by a plethora of dining options, trendy bars, and diverse retail establishments, providing unparalleled lifestyle amenities for today’s modern and discerning renters. The convenience of this location allows residents to indulge in a variety of
activities without the need for a vehicle. Whether enjoying a gourmet dinner, shopping for essentials, or experiencing the lively nightlife of San Diego’s iconic Gaslamp District, everything is within easy reach. This property not only offers an exceptional living experience but also represents a strategic investment in a thriving urban environment. The Core-Columbia neighborhood is known for its dynamic atmosphere, characterized by a blend of cultural, culinary, and entertainment offerings that attract both locals and visitors alike. With its prime location, full occupancy, and diverse amenities, The Marion stands out as a premier investment opportunity in the heart of San Diego.
The Marion boasts an outstanding Walk Score of 99, epitomizing a Walker’s Paradise. Residents are surrounded by a plethora of dining options, trendy bars, and diverse retail establishments, providing unparalleled lifestyle amenities for today’s modern and discerning renters. The convenience of this location allows residents to indulge in a variety of
activities without the need for a vehicle. Whether enjoying a gourmet dinner, shopping for essentials, or experiencing the lively nightlife of San Diego’s iconic Gaslamp District, everything is within easy reach. This property not only offers an exceptional living experience but also represents a strategic investment in a thriving urban environment. The Core-Columbia neighborhood is known for its dynamic atmosphere, characterized by a blend of cultural, culinary, and entertainment offerings that attract both locals and visitors alike. With its prime location, full occupancy, and diverse amenities, The Marion stands out as a premier investment opportunity in the heart of San Diego.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
13,500 SF
Building Class
C
Year Built
1900
Price
$2,500,000
Price Per SF
$185.19
Cap Rate
5.23%
NOI
$130,861
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.82
Lot Size
0.11 AC
Zoning
CCPD-CORE - Center City Planned District Zoning
Frontage
53’ on 6th Ave
Amenities
- Signage
Property Taxes
| Parcel Number | 534-186-03 | Improvements Assessment | $846,898 |
| Land Assessment | $367,793 | Total Assessment | $1,214,691 |
Property Taxes
Parcel Number
534-186-03
Land Assessment
$367,793
Improvements Assessment
$846,898
Total Assessment
$1,214,691
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