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206-222 Park Blvd - Park Terrace 21,565 SF Office/Retail Condo Unit Offered at $18,684,946 CAD in San Diego, CA 92101
Investment Highlights
- Located in the heart of Downtown’s East Village, directly adjacent to Petco Park
- 222 Park Blvd features a separate condo (7-Eleven) - Buyer has the ability to renew lease and sell individual condo at a premium
- Over 9,000 vehicles pass the site daily, and 3.4M+ annual attendees to Petco Park home games
- Tenant mix includes a mix of strong national and regional credit tenants along with a few local companies
- 5,300+ residential units within 0.25 mi and adjacent to Tailgate Park redevelopment (1.35 million SF)
- Game changers for Downtown include Campus at Horton and RaDD, bringing over 8,000 jobs
Executive Summary
Located in the heart of Downtown’s East Village, directly adjacent to Petco Park Tenant mix includes a mix of strong national and regional credit tenants along with a few local companies 222 Park Blvd features a separate condo (7-Eleven) - Buyer has the ability to renew lease and sell individual condo at a premium 5,300+ residential units within 0.25 mi and adjacent to Tailgate Park redevelopment (1.35 million SF) Over 9,000 vehicles pass the site daily, and 3.4M+ annual attendees to Petco Park home games Game changers for Downtown include Campus at Horton and RaDD, bringing over 8,000 jobs
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Total Building Size | 536,223 SF | Typical Floor Size | 20,546 SF |
| Property Type | Multifamily (Condo) | Year Built | 2007 |
| Property Subtype | Apartment | Lot Size | 0.98 AC |
| Building Class | A | Parking Ratio | 0.35/1,000 SF |
| Floors | 14 | Opportunity Zone |
Yes
|
| Zoning | CCPD-BP | ||
| Total Building Size | 536,223 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | A |
| Floors | 14 |
| Typical Floor Size | 20,546 SF |
| Year Built | 2007 |
| Lot Size | 0.98 AC |
| Parking Ratio | 0.35/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | CCPD-BP |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Freezer
- Island Kitchen
Site Amenities
- 24 Hour Access
- Controlled Access
- Fitness Center
- Gameroom
- Grill
- Package Service
- Roof Terrace
- Bicycle Storage
- Elevator
- Lounge
1 Unit Available
Unit Grnd Floor
| Unit Size | 21,565 SF | Sale Type | Investment |
| Price | $18,684,946 CAD | Cap Rate | 6.96% |
| Price Per SF | $866.45 CAD | NOI | $1,301,119.95 CAD |
| Condo Use | Office/Retail | APN/Parcel ID | 535-362-20 |
| Unit Size | 21,565 SF |
| Price | $18,684,946 CAD |
| Price Per SF | $866.45 CAD |
| Condo Use | Office/Retail |
| Sale Type | Investment |
| Cap Rate | 6.96% |
| NOI | $1,301,119.95 CAD |
| APN/Parcel ID | 535-362-20 |
Description
Ground-floor retail wraps the entire building adjacent to Petco Park, featuring a strong mix of national and regional credit tenants. The property also includes a separate 7-Eleven condo, offering the buyer the opportunity to renew the lease and potentially sell the unit individually at a premium.
Sale Notes
Park Terrace is a rare investment opportunity in Downtown San Diego, directly adjacent to Petco Park. As demand for urban living continues to grow, the property is well-positioned to benefit from the city’s ongoing redevelopment and the unmatched live/work/play lifestyle of the urban core.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 123 | - | - |
| 2+2 | 100 | - | - |
Major Tenant Information
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| Experiences For Mankind |
-
|
November 2022
|
| Dental Express |
-
|
July 2027
|
Presented by
206-222 Park Blvd - Park Terrace
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