1045 14Th StSan Diego, CA 92101

This exceptional San Diego office building at 1045 14th Street presents a unique investment opportunity. The 10,953 square foot property, built in 1940 and renovated in 2005, boasts three buildings across two stories, situated on a 7,500 square foot lot (APN 534-210-10-00). Currently 100% leased to three long-term tenants, generating a substantial net operating income (NOI) of $306,782, representing a 6% cap rate on the asking price of $4,500,000 ($410.85/sq ft). The property is zoned CCPD-ER and offers significant live/work potential. The interior, designed by ACRM Architects, features impressive 25-foot high exposed bow-truss roofs and skylights, creating a beautiful and flexible creative office environment. A user buyer has the opportunity to occupy between 7,151 and 8,714 square feet, as two tenants would vacate upon purchase. The East Village location provides excellent access to I-5 and Highway 163, along with public transportation, and is surrounded by new apartment developments, UCSD's Innovation Campus, restaurants, breweries, fitness centers, and shopping. This property is well-suited for both owner-occupiers and investors seeking a strong return on investment, and qualifies for 90% SBA financing.