789 Harbor DrSan Diego, CA 92101

Property Details for 789 Harbor Dr

Lot size

6.29 AC

Property size (Sq ft)

9,999 SF

Zone code

COMMERCIAL

Property type

Community centers

APN

760-015-37-00

APU

7600153700

Description

This exceptional 73,823 square foot restaurant property, known as "The Headquarters," presents a compelling investment opportunity in San Diego's vibrant Marina District. Situated at the intersection of West Harbor Drive and Pacific Highway, this open-air shopping center benefits from a high-traffic location, attracting both local residents and the millions of tourists visiting downtown San Diego annually. Currently boasting a 16.7% vacancy rate, this property offers significant value-add potential through lease-up, while simultaneously providing stable cash flow secured by a weighted average lease term of 10 years. The diverse tenant mix includes a blend of food and beverage establishments, daily needs retailers, and apparel stores, catering to a broad customer base. The property's strategic adjacency to the Manchester Grand Hyatt, a 1,628-room hotel with extensive conference facilities, further enhances its appeal. As the only waterfront retail environment in the area, alongside Seaport Village, "The Headquarters" enjoys a prime position within a thriving entertainment, dining, and nightlife district in one of America's most popular cities. This presents a rare chance to acquire a generational asset in a rapidly expanding trade area with strong leasing momentum and top-performing tenants. The property's unmatched walkability to surrounding hospitality venues adds to its overall desirability and investment potential.

• CAP approach

  CAP return

  Valuation

  6%

  $3,081,049

  6.5%

  $2,844,045

  7%

  $2,640,899

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,078,055

  Geo Method

  $8,868,757

• Alternative Use

  Use

  Valuation

  Residential

  $2,399,058

  Hospitality

  $2,197,524

  Educational

  $1,828,315

  Medical

  $1,891,193

  Retail

  $2,844,045

Location Insight

City

San Diego

County

San Diego

State

California

Latitude

32.7105

Longitude

-117.171

CBSA code

41740

CBSA name

SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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