Ingersoll-Tutton 826-836 5th Ave 8,729 SF 54% Leased Retail Building San Diego, CA 92101 $6,979,600 CAD ($799.59 CAD/SF) 6.40% Cap Rate

Marcus & Millichap is pleased to present the Gaslamp Retail Portfolio, consisting of 3 buildings on 5th Avenue in Downtown San Diego’s Gaslamp District. The portfolio consists of a Restaurant and SRO building, a Restaurant and Apartment Building, and a Restaurant and Office Building. All ground floor units are leased on NNN leases with an average rent of $5.50 per SF. 722-728 5th Avenue is home to Osteria Panevino and Asti Ristorante on the ground level, with Gaslamp Hostel occupying Floors 2 and 3. 762 5th Avenue is home to Red Ivy, a new restaurant expected to open in May 2024, and also has two floors of residentially zoned space, permitted for 8 total apartment units. 826 5th Avenue is home to Sadaf Restaurant and Casa Blanca Restaurant, and has 12 office units on the 2nd floor. The properties are available together as a portfolio as separate transactions.
The portfolio is located in the heart of the Gaslamp District in Downtown San Diego. With activities for any occasion, the Gaslamp is the perfect spot for a romantic date night, birthday celebration, bachelor/bachelorette party, bar hopping, or even simply dining out with the family. With a plethora of restaurants, from quick bites to fine dining, there are endless ways to satisfy your taste no matter what you are looking for.
After your meal, you can choose from a wide variety of entertainment options, including bars, clubs, cigar lounges, comedy shows, live music performances, and even rooftop escapes to avoid the crowded and busy streets. This is a one stop shop where everything is within a five minute walking distance and will surely make your night unforgettable. Come to the Gaslamp District today and experience the heart and soul of San Diego.