The Coliseum
San Diego National Single Tenant, Leasehold Asset for sale in Downtown near Petco Park at 8.5% CAP
Marketing description
Located in San Diego’s vibrant East Village, the Coliseum at 1485 E Street—home to Punch Bowl Social—is a premier dining and entertainment destination.
With its prime location, upscale amenities, and substantial tenant improvements to the building, this property is poised for continued success and growth.
Investment highlights
Dense Urban Location with Convenient Accessibility Downtown San Diego East Village is home to many new restaurants, Petco Park, numerous new apartments and condo developments, totaling 11,000 residential units
Irreplaceable Urban Real Estate - Due to the downtown nature of this location and the density of the trade area, developable commercial land is scarce making this property virtually irreplaceable.
Favorable Master Leasehold Estate - This is an opportunity to purchase ±20,523 sq ft of physical improvements under the terms of a long term 55 ground lease (47 years remaining); with ‘right of first offer’ to purchase the premises from ground lessor during the initial 55 year lease term.
Recent Renovation - Tenant recently underwent an extensive renovation at its sole cost, further proving the tenant’s long-term commitment to this location.
Credit Tenancy – 100% leased to Punch Bowl Social, founded in 2012 and which has experienced significant growth and recognition for its unique concept. Now operating 14 locations across the nation.
Built in NOI Growth - The asset offers fixed increases every 5 years allowing for passive income growth.
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
