

Rare Owner-Use Opportunity - Downtown San Diego
Rare Owner-User Opportunity - Downtown San Diego
Marketing description
This property is ideally located on the south-east corner of Little Italy in downtown San Diego. An investor or owner-user will benefit from the high-density population growth in the area. Several multi-family projects have been completed within the corridor including the Simone 36-story high rise with 395 luxury apartments next door. Many of the current office tenants live and work downtown and the demand for walkable office space is increasing. An owner-user serving the community in a medical or professional capacity can capture the neighborhood residents as future customers. The nearby San Diego Central Courthouse, Family Law Court, Court of Appeal, Small Claims Court, Bankruptcy Court, US immigration Review and Hall of Justice make this an ideal location for a legal service office. And do not forget the long term view if participation in a redevelopment project to maximize a property owner’s return on investment. This rare opportunity is your entry into the San Diego downtown and the Little Italy market!
Investment highlights
OWNER-USER OPPORTUNITY
• Approx. 7,700+ SF available for immediate owner occupancy
• Approx. 50% leased for in-place income from day one
• Medical, professional, and select retail uses permitted
• Flexible floor plan layouts for custom build-outs
STABILIZED INCOME & VALUE-ADD POTENTIAL
• Modified gross leases — reduced management responsibilities
• Ability to boost NOI through CAM recovery at tenant renewals
• Diverse mix of legal, tech, contractor & beauty services tenants
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