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1045 14th St 10,953 SF 20% Leased Office Building San Diego, CA 92101 $5,513,884 CAD ($503.41 CAD/SF) 6.23% Cap Rate
INVESTMENT HIGHLIGHTS
- Unique Owner User Opportunity in East Village
- Excellent Building Signage
- Creative open floor plan with modern amenities including exposed HVAC, skylights, 25 ft. bow-truss ceilings
- Easy access to public transportation, walk to City College, restaurants and more
EXECUTIVE SUMMARY
1045 14th Street is a multi-tenant retail/office building For Sale in the developing East Village neighborhood of downtown San Diego. This 10,953 square foot building is 100% leased to three long time tenants, two of which would vacate for a user buyer to occupy between 7,151 square feet and 8,714 square feet. The property is best suited for a business owner to purchase and occupy for retail or office use. Additionally it could work for an 1031 investor looking to receive a 6% cap rate based on pro-forma income. The building interior was designed by prominent ACRM Architects, with an impressive 25 foot high exposed bow-truss roof, skylights, and flexible design. The property is surrounded by significant new apartment development, UCSD’s Innovation Campus, restaurants, breweries, fitness facilities, and shopping. 1045 14th Street offers excellent I-5 and highway 163 and 94 freeway access, in addition to mass transit options.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
10,953 SF
Building Class
B
Year Built
2005
Price
$5,513,884 CAD
Price Per SF
$503.41 CAD
Cap Rate
6.23%
NOI
$343,396 CAD
Percent Leased
20%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
10,953 SF
Building FAR
1.01
Lot Size
0.25 AC
Zoning
CCPD-ER - CCPD-ER: Employment/Residential Mixed-Use (ER). This district provides synergies between educational institutions and residential neighborhoods,
AMENITIES
- Signage
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Awbrey Cook McGill Architects
- Professional, Scientific, and Technical Services
- -
- -
- -
-
- Professional, Scientific, and Technical Services
- -
- -
- -
- CG Engineering
- Professional, Scientific, and Technical Services
- -
- -
- -
- Metroplan LLC
- Public Administration
- -
- -
- -
-
- Professional, Scientific, and Technical Services
- -
- -
- -
Paul·Koehler Consulting Structural Engineers, Inc. was established in 1992 by Clifford R. Paul, P.E., President and Jack M. Koehler, P.E., Vice President, for the purpose of providing the design and building industry a creative alternative in structural engineering services. Along with Cliff and Jack, a diverse Management Committee handles the day-to-day business operations of the company.
- Urban Discovery Academy
- Educational Services
- -
- -
- -
- Visual Asylum
- Professional, Scientific, and Technical Services
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Awbrey Cook McGill Architects | Professional, Scientific, and Technical Services | - | - | - | ||
|
|
Professional, Scientific, and Technical Services | - | - | - | ||
| CG Engineering | Professional, Scientific, and Technical Services | - | - | - | ||
| Metroplan LLC | Public Administration | - | - | - | ||
|
|
Professional, Scientific, and Technical Services | - | - | - | ||
| Urban Discovery Academy | Educational Services | - | - | - | ||
| Visual Asylum | Professional, Scientific, and Technical Services | - | - | - |
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Walk Score®
Walker's Paradise (96)
Transit Score®
Excellent Transit (79)
Bike Score®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Number | 534-210-10 | Improvements Assessment | $575,945 CAD |
| Land Assessment | $5,721,083 CAD | Total Assessment | $6,297,028 CAD |
PROPERTY TAXES
Parcel Number
534-210-10
Land Assessment
$5,721,083 CAD
Improvements Assessment
$575,945 CAD
Total Assessment
$6,297,028 CAD
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1045 14th St
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