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600-650 W Grape St - Il Palazzo 6,532 SF Retail Condo Unit Offered at $4,250,000 in San Diego, CA 92101
Investment Highlights
- ?Rare opportunity in Little Italy, one of Downtown’s most desirable neighborhoods
- On-site parking — 5 tandem spaces
- Diversified tenant mix with NNN lease structure
- Highly visible location with prime signage
- Secure income stream backed by 7-Eleven, a nationally recognized credit tenant
- Immediate access to I-5 and on main ingress/egress thoroughfares
Executive Summary
Rare opportunity in Little Italy, one of Downtown’s most desirable neighborhoods Highly visible location with prime signage On-site parking — 5 tandem spaces Secure income stream backed by 7-Eleven, a nationally recognized credit tenant Diversified tenant mix with NNN lease structure Immediate access to I-5 and on main ingress/egress thoroughfares In the path of major development — over 5,000 units proposed and under construction Surrounded by popular neighbors: LALA, Cloak & Petal, Bolt Brewery, Born & Raised, and more!
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Granite Countertops
- High Speed Internet Access
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Wheelchair Accessible (Rooms)
Site Amenities
- 24 Hour Access
- Business Center
- Courtyard
- Fitness Center
- Picnic Area
- Property Manager on Site
- Gated
- Furnished Units Available
- Grill
- Recycling
- Elevator
1 Unit Available
Unit 600-650
| Unit Size | 6,532 SF | Sale Type | Investment |
| Price | $4,250,000 | Cap Rate | 7.29% |
| Price Per SF | $650.64 | NOI | $309,825 |
| Condo Use | Retail | APN/Parcel ID | 533-222-11-37 |
| Unit Size | 6,532 SF |
| Price | $4,250,000 |
| Price Per SF | $650.64 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 7.29% |
| NOI | $309,825 |
| APN/Parcel ID | 533-222-11-37 |
Description
Urban Property Group is pleased to present the opportunity to acquire the ground-floor commercial condominiums at Il Palazzo, prominently located
in the heart of Little Italy. Positioned along highly visible Columbia Street, this
offering presents a rare investment opportunity in one of Downtown San Diego’s
most sought-after neighborhoods, with immediate access to I-5 and a wealth
of surrounding amenities that fuel consistent demand.
Sale Notes
Rare investment opportunity in Little Italy, one of Downtown San Diego’s most sought-after neighborhoods, featuring a four-tenant property that provides diversified income and reduced vacancy risk. The asset is anchored by 7-Eleven, a nationally recognized credit tenant with proven performance and strong customer draw, and is supported by a stable NNN lease structure delivering predictable cash flow with minimal landlord responsibilities.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | 350 - 455 |
| 1+1 | 40 | - | 493 - 682 |
| 2+1 | 4 | - | 670 |
| 2+2 | 58 | - | 721 - 1,113 |
Presented by
600-650 W Grape St - Il Palazzo
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