2202 30Th StSan Diego, CA 92104

This exceptional San Diego investment property, known as The Avery, presents a rare opportunity to acquire a stabilized, multi-tenant retail building in the desirable South Park neighborhood. Located at 2202 30th Street, San Diego, CA 92104, this 7,577 square foot storefront boasts a current occupancy rate of 100%, with six tenants generating a net operating income (NOI) of $180,000. The property features a mix of commercial suites and residential lofts, all operating on month-to-month leases. A Verizon cell tower is also situated on the property, adding to its income stream. The asking price is $4,000,000, representing a current cap rate of 4.50% and a pro-forma cap rate of 6.00%. The pro-forma NOI is projected at $240,000. The building underwent renovations in 2008. This property is ideal for a 1031 exchange, offering a strong return on investment in a vibrant and growing urban location. The property's Assesor's Parcel Number (APN) is 539-093-07. This prime corner location offers significant upside potential for future growth. Detailed financial information is available upon request.