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1407 University Ave 1,843 SF Retail Building San Diego, CA 92103 For Sale
Investment Highlights
- Retail Building on University Avenue in Hillcrest
- Existing Tenant willing to Terminate Lease Early
- Outdoor Storage Available to Develop
- Available for Owner User
- Prime Location on University Avenue in Hillcrest
Executive Summary
Marcus & Millichap is pleased to present 1405 University Ave, in the Hillcrest neighborhood of San Diego, CA. This 1,834 sqft retail building sits on University Avenue, the neighborhood’s main street with more than 20,000 vehicles passing per day. The property is 100% leased on a NNN lease to Romantix, an Adult Book Store, but would be willing to terminate the lease early . The tenant has been occupying the space since 2008. The property is in close proximity to the 163 freeway and is just half a mile away from Balboa Park and two miles from Fashion Valley mall and the San Diego International Airport.
This is the perfect opportunity for an owner user to acquire a prime spot in Hillcrest on University Avenue.
This is the perfect opportunity for an owner user to acquire a prime spot in Hillcrest on University Avenue.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
1,843 SF
Building Class
C
Year Built
1985
NOI
$86,110
Tenancy
Single
Building Height
1 Story
Building FAR
0.53
Lot Size
0.08 AC
Zoning
CC-3-8
Parking
2 Spaces (1.09 Spaces per 1,000 SF Leased)
Frontage
39’ on University Ave
Amenities
- Signage
Exceptionally walkable
90/100
Very drivable
80/100
Good public transit
60/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 452-152-01 | Improvements Assessment | $19,603 |
| Land Assessment | $51,494 | Total Assessment | $71,097 |
Property Taxes
Parcel Number
452-152-01
Land Assessment
$51,494
Improvements Assessment
$19,603
Total Assessment
$71,097
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1407 University Ave
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