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4973-4983 University Ave 10,800 SF 100% Leased Retail Building San Diego, CA 92105 $2,400,000 ($222.22/SF) 7.41% Cap Rate
Investment Highlights
- High-traffic University Ave
- 100% Month-to-Month Leases
- Large Walk-In Freezer
- Value-Add Investment
- High Ceilings
Executive Summary
4973-4983 University Ave - the 10,800 SF mixed-use building currently rented to various tenants on month-to-month leases. The property consists of 7,100 SF of ground-floor retail with high ceilings, a large walk-in freezer, and exceptional visibility on the busy University Ave. The remaining 3,700 SF of stairway-served office consists of several private offices rented to business professionals. The short-term tenancy makes this investment ideal for a value-add investor or an owner-user.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,800 SF
Building Class
C
Year Built
1977
Price
$2,400,000
Price Per SF
$222.22
Cap Rate
7.41%
NOI
$177,840
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.10
Lot Size
0.23 AC
Opportunity Zone
Yes
Zoning
CC-5-4 - Stores & Offices
Parking
4 Spaces (0.37 Spaces per 1,000 SF Leased)
Moderately walkable
60/100
Exceptionally drivable
100/100
Good public transit
60/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 471-621-33 | Improvements Assessment | $545,000 |
| Land Assessment | $1,000,000 | Total Assessment | $1,545,000 |
Property Taxes
Parcel Number
471-621-33
Land Assessment
$1,000,000
Improvements Assessment
$545,000
Total Assessment
$1,545,000
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4973-4983 University Ave
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