939-945 4th Ave
San Diego, CA 92101
Gaslamp Mixed-Use Offering · Office Property For Sale

Marcus & Millichap is pleased to present for sale for the first time in over a decade 939 Fourth Avenue. This non-historic property was built in 1989 from steel frame construction and reinforced concrete blocks. The four-story mixed-use building is comprised of 23,500 square-feet of rentable building area; situated on over 5,000 square-feet of land, with frontage on Fourth Avenue directly across from the newly renovated Horton Plaza Park. Located in the Gaslamp district, the property is walking distance to the best shopping and entertainment downtown San Diego has to offer. The property has one long-term retail restaurant tenant on the ground floor and executive suites available for lease on floors two through four and basement level. The classic brick exterior architecture is complimented with high end cherry wood interior decor. Rei Do Gado Brazilian Steakhouse has been at this location for over 17 years with eight years remaining and two, five year options remaining at market rents. The rented executive suites are currently month-to-month, as an interim use, at an average rent of $1.02 per square foot full service gross. The basement space is currently unoccupied. Average Down.