Columbia Court: 8 Office Condos Downtown SD
Retail | 6.00% CAP | 10,821 SqFt
Marketing description
Pacific Coast Commercial is pleased to present the opportunity to acquire the Columbia Court Portfolio, a boutique 9-unit office condo investment situated in the heart of Downtown San Diego's Columbia District. Comprising 10,821 rentable square feet within a character-rich, four-story brick building , this offering provides an investor with a rare majority position in the Owners Association.
The asset boasts an 88.9% occupancy rate , anchored by a stable mix of professional tenants including law offices, language schools, and a café/deli. Strategically located directly across the street from the San Diego Central Courthouse , the property features unparalleled walkability with a Walk Score of 96 and transit access just steps from the Santa Fe Depot. Suite 330, a 613 SF space, represents the sole vacancy , offering immediate upside through lease-up or a strategic owner-user opportunity.
Investment highlights
- Stable Income with Upside: The portfolio is 88.9% occupied, generating $23,484 in total monthly income at a 6% cap rate.
- Majority Association Control: Acquiring these 9 units secures a majority position in the building's Owners Association.
- Prime Legal & Business Hub: Situated directly across the street from the San Diego Central Courthouse and Court of California.
- Boutique Building Features: The property is an architecturally unique brick building featuring a central courtyard, elevator service, gated access with surveillance, and an on-site café/deli.
- Unmatched Accessibility: Characterized as a "Walkers's Paradise" with a Walk Score of 96 , offering quick connections to the Santa Fe Depot train station, Amtrak, Trolley Station, I-5, and I-163.
- Flexible Value-Add Potential: The portfolio includes a single 613 SF vacancy (Suite 330) , providing optional rental income upside or the ability to control occupancy costs as an owner-user
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Is there information that looks off?
