Listed by Marcus & Millichap - San Diego
$5,000,000
828-836 5TH AVE
Details
APN 533-576-08-00, 533-576-09-00
Property Type Mixed Use, Office
Sub Type Bar, Executive Office
Square Footage 8,729
Units 3
Cap Rate 6.38%
NOI $319,040
Price per SqFt $573
Year Built 1895
Year Renovated 2001
Investment Type Value Add
Mixed Use | 6.38% CAP | 8,729 SF
Marketing description
PROPERTY HIGHLIGHTS
» 2-Story Mixed Use Building – 8,729 SF – 85% Leased
» 1st Floor – Sadaf Restaurant & Casa Balance Restaurant – Average Rent $5.73 / SF NNN
» Expiration – April 2026 and June 2026 – No Remaining Options
» 2nd Floor – 12 Executive Office Units – 9/12 Leased to Architecture Firm
» Expiration is April 2025 – 1 5-Year Fair Market Option
Investment highlights
» Twofold Value-Add Approach – Restaurant Tenant’s are 15% Below Market Rent, Increase in 2026
» Current Office Layout can be converted to Creative Office with Higher Rent & Single Tenancy
Listing Contacts
Listed by Marcus & Millichap - San Diego
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$319,040.00
$26,586.67/mo
Valuation Metrics
0
DSCR
6.38%
Cap Rate
6.38%
ROI
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