722 FIFTH AVE San Diego CA 92101-6918

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.

Part of a 30,625 SF, 3-Building Mixed Use Portfolio in Downtown San Diego

100% Leased to 3 Long-Term Tenants

All Tenant’s Have Indicated They Will Renew

Located on 5th Avenue in the Gaslamp Quarter

Value Add Opportunity from Multi-Family Development

Average Rent Amount of $5.50 per SF NNN on Ground Floor Retail

Tenants Have Invested Considerable Capital Into Their Space