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4454-4468 Ingraham St 3,691 SF 100% Leased Retail Building San Diego, CA 92109 $2,800,000 ($758.60/SF)
INVESTMENT HIGHLIGHTS
- Rare Pacific Beach Retail Center
- Great Owner/User or Covered Land Play with Future Development Potential
- Excellent Location in the Heart of Pacific Beach
EXECUTIVE SUMMARY
Excellent Coastal Trade Area
• Pacific Beach is one of San Diego’s busiest beach communities offering an abundance of dining, shopping, and entertainment options for both locals and tourists.
• The area surrounding the property is very densely populated with 96,956 residents plus 3,635 hotel rooms in a 3-mile radius.
Future Development Potential
• The parcel presents an excellent opportunity for future development of multi-family or other commercial uses.
• With an existing income stream, the parcel presents an excellent covered land opportunity while future plans are created.
Upside in Below Market Rents
• All tenants have shorter-term leases with no extension options, thus providing an opportunity for an investor to increase rents immediately and over time. An owner/user could also purchase the property for their own business.
• The property has stable occupancy on the retail suites with all of the tenants having occupied the building for many years.
Busy Commercial Corridor
• Ingraham Street serves as a main North/South thoroughfare in Pacific Beach connecting all the way south to Interstate 8 across Mission Bay.
• The property is well located at the corner of Hornblend Street, which positions the property directly between the two busy intersections at Garnet Ave and Grand Ave.
• Pacific Beach is one of San Diego’s busiest beach communities offering an abundance of dining, shopping, and entertainment options for both locals and tourists.
• The area surrounding the property is very densely populated with 96,956 residents plus 3,635 hotel rooms in a 3-mile radius.
Future Development Potential
• The parcel presents an excellent opportunity for future development of multi-family or other commercial uses.
• With an existing income stream, the parcel presents an excellent covered land opportunity while future plans are created.
Upside in Below Market Rents
• All tenants have shorter-term leases with no extension options, thus providing an opportunity for an investor to increase rents immediately and over time. An owner/user could also purchase the property for their own business.
• The property has stable occupancy on the retail suites with all of the tenants having occupied the building for many years.
Busy Commercial Corridor
• Ingraham Street serves as a main North/South thoroughfare in Pacific Beach connecting all the way south to Interstate 8 across Mission Bay.
• The property is well located at the corner of Hornblend Street, which positions the property directly between the two busy intersections at Garnet Ave and Grand Ave.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,691 SF
Building Class
C
Year Built
1954
Price
$2,800,000
Price Per SF
$758.60
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.39
Lot Size
0.22 AC
Zoning
CC-4-2
Parking
15 Spaces (4.06 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Restaurant
Walk Score®
Walker's Paradise (97)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 423-093-09 | Improvements Assessment | $569,080 |
| Land Assessment | $958,459 | Total Assessment | $1,527,539 |
PROPERTY TAXES
Parcel Number
423-093-09
Land Assessment
$958,459
Improvements Assessment
$569,080
Total Assessment
$1,527,539
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4454-4468 Ingraham St
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