7404 Jackson Dr
San Diego, CA 92119
Bank of America · Retail Property For Sale

Marcus & Millichap is proud to be selected to exclusively market for sale Bank of America San Carlos, a 8,203-square-foot building in the heart of San Carlos, San Diego. This hard corner location is centered in one of the only retail shopping centers in the affluent hilltop community of San Carlos. The property was constructed in 1975 and has been leased to the original tenant, Bank of America, since it’s construction. The property has been improved over the years, adding a drive through ATM lane and a dedicated bank customer parking lot. This well maintained pride of ownership asset, coupled with the high barriers of entry for new construction, has created a unique opportunity to own a piece of truly irreplaceable Southern California Real Estate. After the original construction, Bank of America has consistently demonstrated it’s desire to operate this very strong preforming branch. After signing an initial 31 year lease in 1974, Bank of America has consistently exercised or otherwise extended their lease since moving in. Bank of America has exceptional deposits due to its prime location in one of the most desirable communities in San Diego. Deposits have grown annually from over $90 Million in 2014 to over $114 Million in 2016 (FDIC), maintaining a consistent 20 percent market share. In the immediate one-mile radius of the Bank of America, the average household income is a healthy $103,805, making this one of the more affluent demographic regions of the state. The site is situated on a hard corner and boasts. 39 acres of space in one of the only retail commerce centers in the immediate market. The property enjoys excellent traffic counts of over 14,235 vehicles per day on Navajo / Jackson Drive. Overlooking the Bank of America is one of the area’s most popular outdoor attractions, Cowles Mountain. A hiking and trail running destination for outdoor enthusiasts all over California, Cowles Mountain trailhead is mere steps from the Bank of America. Bringing thousands of hikers and nature goers to the area daily, the panoramic 360 views from the top of the mountain punctuate the beauty among other things that makes this region of Southern California so attractive. Other major nearby landmarks include San Diego Stat e University, Lake Murray, and the Mission Trails Golf Course.