www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze property details including ownership and financial history. Share advanced property insights with your clients and teams.

Firehouse

Retail | 3.55% CAP | 4,500 SF

Listing Contacts

Active

Asking Price: $10,500,000
Address 

722 Grand Ave, San Diego, CA 92109

Show on Map
Date Added
Jan 26, 2023
Days on Market
782 days
Time Since Last Update
97 days

Details

Property TypeRetail
SubtypeRestaurant
Lease TypeNNN
Square Footage4,500
Cap Rate3.55%
NOI$372,960
Year Built2006
ZoningCV-1-2
Lot Size (sq ft)12,500
APN423-022-07-00; 423-022-04-00

Marketing Description

Exceptionally Rare Opportunity to Acquire a Trophy Asset in the Highly Sought After Coastal Market of San Diego.​ The Property Consists of Two Adjacent Parcels That Include the Building Which Houses the Firehouse Eatery and an Adjacent Parking Lot That Fronts Hornblend Street.​ The Two Parcels Are Comprised of Approximately 12,500 Square Feet and Located West of Mission Blvd, Just Steps From the Boardwalk in Pacific Beach.​ The Firehouse Eatery Building is a Free-standing Single Tenant Retail Space With Approximately 4,500 Square Feet of Improvements.​ Laz Parking Occupies the Other Parcel and is Zoned Cv-1-2 (Commercial Visitor) Which Allows for a Mixed-use Development With a Base Density of One Dwelling Unit Per 1,500 Sf Lot Area and a Floor Area Ratio (Far) of 2.0.​

Investment Highlights

    • ​Trophy Asset Just Steps From the Boardwalk
    • ​Free Standing Single Tenant Retail Building & Adjacent Parking Lot
    • ​Two Parcels Totaling Approx. 12,500 Sf Lot Area
    • ​Parcel a: Firehouse Eatery Since 2006 - (4) Five-year Options, First Option Exercised February 2022 | Annual Increases Based on Cpi
    • ​Parcel B: Fronts Hornblend Street - Parking Lot Occupied by Laz Parking | Mixed-use Development Opportunity Zoned Cv-1-2
    • ​Transit Priority Area

    Valuation Calculator

    Valuation Calculator

    Loan Amount
    $0.00
    Annual Debt Service
    $--
    $--
    Annual Cash Flow
    $372,960.00
    $31,080.00/mo

    Valuation Metrics

    0
    DSCR
    3.55%
    Cap Rate
    3.55%
    ROI
    Subscribe to Intelligence
    View property history data!
    Access historical property and tax details including tax amounts, land value, and more to inform your next opportunity.
    Date Event Document Price Price/SF Sold By Sold To
    Upgrade for full access
    Upgrade for full access
    Upgrade for full access
    Upgrade for full access
    Upgrade for full access
    Upgrade for full access
    Upgrade for full access
    Upgrade for full access
    Upgrade for full access
    Upgrade for full access
    Upgrade for full access
    Upgrade for full access
    Upgrade for full access
    Upgrade for full access
    Upgrade for full access
    Upgrade for full access
    Upgrade for full access
    Upgrade for full access
    Upgrade for full access
    Upgrade for full access
    Upgrade for full access
    Upgrade for full access
    Upgrade for full access
    Upgrade for full access
    Upgrade for full access

    Due Diligence

    Due diligence information will be provided.
    Please reach out to the listing contacts for details.

    Contact

    Listing Contacts


    Similar Properties for Sale

    Pictures of Office, Retail property located at 967-969 HORNBLEND STREET, San Diego, CA 92109 for sales - image #1
    virtual tour
    Unpriced
    967-969 Hornblend St
    Prime Office Opportunity in Pacific Beach – Versatile Design and Unmatched Location

    967-969 HORNBLEND STREET San Diego, CA 92109

    Pictures of Retail property located at 1440 Thomas Ave, San Diego, CA 92109 for sales - image #1
    $5,000,000
    1440 Thomas Ave
    Retail • 3.78% CAP • 6,470 SF

    1440 Thomas Ave San Diego, CA 92109

    Pictures of Land, Retail property located at 1454 Garnet Ave, San Diego, CA 92109 for sales - image #1
    $5,299,000
    Pacific Beach Retail / Redevelopment
    Freestanding Building with Parking

    1454 Garnet Ave San Diego, CA 92109

    Pictures of Mixed Use, Multifamily, Retail property located at 4468 Ingraham St, San Diego, CA 92109 for sales - image #1
    $2,999,999
    4468 Ingraham St
    100% LEASED! FOUR TENANT STRIP CENTER WITH TWO APARTMENTS!

    4468 Ingraham St San Diego, CA 92109

    Pictures of Retail property located at 1946-1956 Balboa Ave, San Diego, CA 92109 for sales - image #1
    $1,650,000
    1946-1956 Balboa Ave
    Coastal Mixed Use Retail Strip & Apartments

    1946-1956 Balboa Ave San Diego, CA 92109

    Pictures of Mixed Use, Office, Retail property located at 3455 Ingraham St, San Diego, CA 92109 for sales - image #1
    $2,245,000
    3455 Ingraham Street, San Diego, CA 92109
    Exceptional Opportunity, Commercial Free Standing Building w Parking Lot Coastal San Diego, Crown Pt

    3455 Ingraham St San Diego, CA 92109

    Pictures of Retail property located at 5726 La Jolla Blvd, San Diego, CA 92037 for sales - image #1
    $3,700,000
    5726 La Jolla Blvd.
    5726 La Jolla Blvd. La Jolla, CA 92037

    5726 La Jolla Blvd San Diego, CA 92037

    Pictures of Retail, Multifamily, Office, Mixed Use, Land property located at 4411 Park Blvd, San Diego, CA 92116, 4421 Park Blvd, San Diego, CA 92116, 1812 Mission Blvd, San Diego, CA 92109 for sales - image #1
    $6,375,000
    Adaptive Reuse, Value Add Mixed Use or Redevelopment Project
    Land/Redevelopment/Mixed Use • 13,517 SF

    3 LOCATIONS

    Pictures of Industrial, Office, Retail, Special Purpose property located at 4375 Jutland Dr, San Diego, CA 92117 for sales - image #1
    $12,999,000
    FULLY-LEASED SINGLE TENANT SAN DIEGO OFFICE BUILDING
    Single Tenant • 8.06% CAP • 31,530 SF

    4375 Jutland Dr San Diego, CA 92117

    Pictures of Retail property located at 4811 W Point Loma Blvd, San Diego, CA 92107 for sales - image #1
    $1,850,000
    4811 W. Point Loma Blvd
    Retail • 2,800 SF

    4811 W Point Loma Blvd San Diego, CA 92107

    Pictures of Retail property located at 7427 Girard Ave, San Diego, CA 92037 for sales - image #1
    $1,895,000
    La Jolla Village Retail
    La Jolla Village Retail • 1,500 SF • Girard and Pearl • Ideal Owner User Opportunity

    7427 Girard Ave San Diego, CA 92037

    See more properties for sale in San Diego
    See More
    See More Similar Properties
    Broker Information
    Broker Name
    Anni Grimes
    Broker License
    CA CA 01301792
    Brokerage Name
    CBC
    Broker Title
    Senior VP
    Broker Name
    Patrick Fullerton
    Broker License
    CA CA 02004608
    *All information is deemed reliable but not guaranteed. Buyer to verify all information.
    Is there information that looks off? Report
    For assistance, reach out to our support team at [email protected] or call 888.273.0423 .