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4973-4983 University Ave 10,800 SF 100% Leased Retail Building San Diego, CA 92105 $3,317,640 CAD ($307.19 CAD/SF) 7.41% Cap Rate
Investment Highlights
- High-traffic University Ave
- 100% Month-to-Month Leases
- Large Walk-In Freezer
- Value-Add Investment
- High Ceilings
Executive Summary
4973-4983 University Ave - the 10,800 SF mixed-use building currently rented to various tenants on month-to-month leases. The property consists of 7,100 SF of ground-floor retail with high ceilings, a large walk-in freezer, and exceptional visibility on the busy University Ave. The remaining 3,700 SF of stairway-served office consists of several private offices rented to business professionals. The short-term tenancy makes this investment ideal for a value-add investor or an owner-user.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,800 SF
Building Class
C
Year Built
1977
Price
$3,317,640 CAD
Price Per SF
$307.19 CAD
Cap Rate
7.41%
NOI
$245,837 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.10
Lot Size
0.23 AC
Opportunity Zone
Yes
Zoning
CC-5-4 - Stores & Offices
Parking
4 Spaces (0.37 Spaces per 1,000 SF Leased)
Moderately walkable
60/100
Exceptionally drivable
100/100
Good public transit
60/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 471-621-33 | Improvements Assessment | $748,334 CAD |
| Land Assessment | $1,373,090 CAD | Total Assessment | $2,121,424 CAD |
Property Taxes
Parcel Number
471-621-33
Land Assessment
$1,373,090 CAD
Improvements Assessment
$748,334 CAD
Total Assessment
$2,121,424 CAD
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4973-4983 University Ave
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