For Sale
$1,975,000
1405 University Ave San Diego, CA 92103
San Diego Retail Property - Net Lease
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 135
Highlights
- 1,834 SF retail building in San Diego's Hillcrest neighborhood, 100% leased under a Net Lease.
- 6.5 years remaining on the lease (expiring May 31, 2031), including CPI increases.
- Strong NOI of $86,164, resulting in a 4.36% cap rate; asking price $1,975,000 ($1,076.88/SF).
- High-visibility location on University Ave., near freeway access and major amenities.
- Recently renovated (1985) with a separate 1,600 SF storage area offering potential for additional income.
Property Details for 1405 University Ave
- Property type
- Retail properties, Restaurants
- Square Feet
- 1,834 SF
- Year Renovated
- 1985
Location Insight
- City
- San Diego
- County
- San Diego
- State
- California
- Latitude
- 32.748435194932
- Longitude
- -117.15097739242
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - San Diego Retail Property - Net Lease
- Where is the retail property located?
- The property is located at 1405 University Ave San Diego, CA.
- What is the asking price?
- The asking price for this property is $1,975,000.
- What are key features of this property?
- This property features: 1,834 SF retail building in San Diego's Hillcrest neighborhood, 100% leased under a Net Lease.; 6.5 years remaining on the lease (expiring May 31, 2031), including CPI increases.; Strong NOI of $86,164, resulting in a 4.36% cap rate; asking price $1,975,000 ($1,076.88/SF).
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