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The Brigantine Building - Shelter Island 2725-2727 Shelter Island Dr 10,846 SF 74% Leased Retail Building San Diego, CA 92106 $9,481,468 CAD ($874.19 CAD/SF) 5.36% Cap Rate



Investment Highlights
- Adjacent public parking offers over 80 free spaces plus additional metered options.
- Walkable access to marinas, hotels, restaurants, and waterfront attractions.
- Elevator-served, two-story configuration supports diverse commercial users.
- Flexible CV-1-2 zoning allows a broad range of visitor-serving uses.
Executive Summary
2725–2727 Shelter Island Drive is a two-story, elevator-served, multi-tenant commercial building located along the primary gateway to San Diego Harbor in the highly desirable Shelter Island / Point Loma submarket. The property totals approximately 10,858 rentable square feet and benefits from exceptional frontage, visibility, and consistent visitor traffic. Architectural elements reflect a coastal aesthetic, complementing the surrounding marinas, yacht clubs, hotels, and waterfront amenities within walking distance. The building is adjacent to extensive public parking, including more than 80 free spaces, which supports both tenant convenience and customer access. Zoned CV-1-2 Commercial Visitor, the property accommodates a wide range of retail, restaurant, office, and service-oriented uses well suited to this destination waterfront environment. Strong demographics, limited supply, and a professionally regulated coastal setting contribute to the long-term desirability of this irreplaceable Shelter Island location.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
10,846 SF
Building Class
C
Year Built
1971
Price
$9,481,468 CAD
Price Per SF
$874.19 CAD
Cap Rate
5.36%
NOI
$508,207 CAD
Percent Leased
74%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.19
Lot Size
0.21 AC
Zoning
C-1, San Diego - Commercial
Parking
50 Spaces (4.61 Spaces per 1,000 SF Leased)
Frontage
Amenities
- 24 Hour Access
- Bus Line
- Courtyard
- Restaurant
- Signage
- Waterfront
- Storage Space
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 104/105
- 2,115 SF
- Office/Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| 101 | 700 SF | Office/Retail | - | Now |
| 104/105 | 2,115 SF | Office/Retail | - | Now |
101
| Size |
| 700 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
104/105
| Size |
| 2,115 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
101
| Size | 700 SF |
| Space Use | Office/Retail |
| Position | - |
| Available | Now |
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 531-200-02 | Improvements Assessment | $3,721,853 CAD |
| Land Assessment | $1,467,759 CAD | Total Assessment | $5,189,611 CAD |
Property Taxes
Parcel Number
531-200-02
Land Assessment
$1,467,759 CAD
Improvements Assessment
$3,721,853 CAD
Total Assessment
$5,189,611 CAD
1 of 12
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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The Brigantine Building - Shelter Island | 2725-2727 Shelter Island Dr
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