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1946-1956 Balboa Ave 2,776 SF 100% Leased Retail Building San Diego, CA 92109 $1,550,000 ($558.36/SF) 7.58% Cap Rate
INVESTMENT HIGHLIGHTS
- HIGH TRAFFIC | EXCELLENT VISIBILITY
- EXTREMELY AFFLUENT, DENSE SAN DIEGO COUNTY DEMOGRAPHICS
EXECUTIVE SUMMARY
Located in the heart of Pacific Beach, just blocks from the beach and bay, the site is conveniently located between the two major commercial thoroughfares, Balboa Avenue and Grand Avenue with easy access to I-5.
The offering has fantastic exposure in one of the most dynamic retail corridors in San Diego, benefiting from high traffic from both locals and visitors.
This is a rare opportunity to own a dense, infill, coastal location. The market’s high barriers of entry, make this an irreplaceable asset.
This investment is 100% leased and includes four NNN retail tenants and two residential units.
The offering has fantastic exposure in one of the most dynamic retail corridors in San Diego, benefiting from high traffic from both locals and visitors.
This is a rare opportunity to own a dense, infill, coastal location. The market’s high barriers of entry, make this an irreplaceable asset.
This investment is 100% leased and includes four NNN retail tenants and two residential units.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,776 SF
Building Class
C
Year Built
1956
Price
$1,550,000
Price Per SF
$558.36
Cap Rate
7.58%
NOI
$117,421
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.71
Lot Size
0.09 AC
Zoning
CC-4-2, San Diego - (Community Commercial) & Complete Communities Coastal
Height Overlay Zone (CHOZ) with FAR of 2.5 & 30 ft Height Limit
Frontage
84’ on Balboa Ave
Walk Score®
Walker's Paradise (91)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 424-042-13 | Improvements Assessment | $306,416 |
| Land Assessment | $211,312 | Total Assessment | $517,728 |
PROPERTY TAXES
Parcel Number
424-042-13
Land Assessment
$211,312
Improvements Assessment
$306,416
Total Assessment
$517,728
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1946-1956 Balboa Ave
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