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6172-6196 University Ave 20,934 SF 94% Leased Retail Building San Diego, CA 92115 $8,172,960 CAD ($390.42 CAD/SF) 7.25% Cap Rate
Investment Highlights
- 94% occupied with six new leases signed in 2025 and one in 2026
- 28 dedicated parking spaces with dual access via University Ave and Cartagena St
- Major 2024–2025 capital improvements: new fire sprinklers, stormwater BMP compliance, electrical panel upgrades, and backflow preventer
- Most leases include 3% annual escalations
Executive Summary
CONTACT ERIK@PALMTREEPROPERTIES.COM FOR OFFERING MEMORANDUM
Palm Tree Properties presents 6172–6196 University Ave, a ±20,934 SF retail and mixed-use investment at the signalized corner of University Ave and College Ave in San Diego's Mid-City corridor. The three-parcel, ±0.82-acre site contains 30 revenue-generating units: 9 retail suites, 3 warehouse suites, 17 small-bay workshops, and a 3-bedroom apartment.
Located on one of San Diego's primary east-west retail corridors, 0.6 miles from SDSU (37,000+ students), 0.7 miles from the I-8 freeway, and within a designated Transit Priority Area. CC-4-3 / RS-1-7 zoning supports long-term repositioning.
Showings by appointment only.
CONTACT ERIK@PALMTREEPROPERTIES.COM FOR OFFERING MEMORANDUM
Palm Tree Properties presents 6172–6196 University Ave, a ±20,934 SF retail and mixed-use investment at the signalized corner of University Ave and College Ave in San Diego's Mid-City corridor. The three-parcel, ±0.82-acre site contains 30 revenue-generating units: 9 retail suites, 3 warehouse suites, 17 small-bay workshops, and a 3-bedroom apartment.
Located on one of San Diego's primary east-west retail corridors, 0.6 miles from SDSU (37,000+ students), 0.7 miles from the I-8 freeway, and within a designated Transit Priority Area. CC-4-3 / RS-1-7 zoning supports long-term repositioning.
Showings by appointment only.
CONTACT ERIK@PALMTREEPROPERTIES.COM FOR OFFERING MEMORANDUM
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
20,934 SF
Building Class
C
Year Built/Renovated
1970/2025
Price
$8,172,960 CAD
Price Per SF
$390.42 CAD
Cap Rate
7.25%
NOI
$592,540 CAD
Percent Leased
94%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.59
Lot Size
0.82 AC
Zoning
CC-4-3
Parking
28 Spaces (1.34 Spaces per 1,000 SF Leased)
Frontage
141’ on University Ave
Amenities
- Corner Lot
- Signage
- Signalized Intersection
- Storage Space
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 6196
- 1,050 SF
- Retail
- End Cap
- Now
| Space | Size | Space Use | Position | Available |
| 6196 | 1,050 SF | Retail | End Cap | Now |
6196
| Size |
| 1,050 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
Moderately walkable
60/100
Exceptionally drivable
100/100
Good public transit
60/100
Fairly bikeable
40/100
Demographics
Demographics
1 mile
3 mile
5 mile
2025 Population
29,323
234,174
578,387
2030 Population
29,253
234,552
579,577
2025-2030 Projected Population Growth
-0.2%
0.2%
0.2%
Median Age
35.5
36.2
37.3
College Degree + Higher
32%
28%
32%
Daytime Employees
7,846
58,009
169,190
Total Businesses
1,299
9,160
24,373
Average Household Income
$108,557
$106,994
$113,757
Median Household Income
$85,071
$82,676
$90,333
Total Consumer Spending
$353.3M
$2.7B
$7.2B
2025 Households
10,322
81,337
209,186
Average Home Value
$736,251
$765,828
$760,758
$ values in USD
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,763,523 CAD | |
| Land Assessment | $3,046,961 CAD | Total Assessment | $5,810,484 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$3,046,961 CAD
Improvements Assessment
$2,763,523 CAD
Total Assessment
$5,810,484 CAD
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6172-6196 University Ave
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