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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
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | APN/Parcel ID | 533-222-11-37 |
| Cap Rate | 7.29% |
| Sale Type | Investment |
| Cap Rate | 7.29% |
| 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.
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 | Unit Size | Condo Use | Price | NOI |
| Unit 600-650 | 6,532 SF | Retail | $4,250,000 ($650.64/SF) | $309,825 |
Unit 600-650
| Unit Size |
| 6,532 SF |
| Condo Use |
| Retail |
| Price |
| $4,250,000 ($650.64/SF) |
| NOI |
| $309,825 |
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Unit 600-650
| Unit Size | 6,532 SF |
| Condo Use | Retail |
| Price | $4,250,000 ($650.64/SF) |
| NOI | $309,825 |
| Sale Type | Investment |
| Cap Rate | 7.29% |
| 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<br> in the heart of Little Italy. Positioned along highly visible Columbia Street, this<br> offering presents a rare investment opportunity in one of Downtown San Diego’s<br> most sought-after neighborhoods, with immediate access to I-5 and a wealth<br> of surrounding amenities that fuel consistent demand.</li></ul> | |
| 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.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Amenities
Site Amenities
- 24 Hour Access
- Business Center
- Courtyard
- Fitness Center
- Picnic Area
- Property Manager on Site
- Gated
- Furnished Units Available
- Grill
- Recycling
- Elevator
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 |
Exceptionally walkable
90/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
70/100
1 of 8
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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600-650 W Grape St - Il Palazzo
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