Listed by Urban Property Group, Inc.
$12,500,000
Park Terrace
Details
Property Type Retail
Sub Type Commercial Condos, Retail Condos
Square Footage 21,565
Units 7
Cap Rate 7.50%
NOI $940,068
Occupancy 100%
Tenancy Multi
Brand/Tenant 7-Eleven, Charter School of San Diego
Lease Type NNN
Price per SqFt $580
Tenant Credit Credit Rated
Ground Lease No
±21,565 SF Ground Floor Retail Wrapping the Entire Building | DIRECTLY adjacent to Petco Park!
Marketing description
- Located in the heart of Downtown’s East Village, directly adjacent to Petco Park
- Tenant mix includes a mix of strong national and regional credit tenants along with a few local companies
- 222 Park Blvd features a separate condo (7-Eleven) - Buyer has the ability to renew lease and sell individual condo at a premium
- 5,300+ residential units within 0.25 mi and adjacent to Tailgate Park redevelopment (1.35 million SF)
- Over 9,000 vehicles pass the site daily, and 3.4M+ annual attendees to Petco Park home games
- Game changers for Downtown include Campus at Horton and RaDD, bringing over 8,000 jobs
Listing Contacts
Listed by Urban Property Group, Inc.
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$940,068.00
$78,339.00/mo
Valuation Metrics
0
DSCR
7.52%
Cap Rate
7.52%
ROI
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