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301 W Washington St - Mission Florence
4,347 SF Retail Unit Offered at £1,768,337 in San Diego, CA 92103
Investment Highlights
- Located in Mission Hills - One of San Diego’s Most Desirable & Established Neighborhoods
- Centrally Located Between I-5 & Hwy 163
- 10 Shared On-Site Covered Parking Spaces Located Behind Retail Suites
- Steps to the Scripps Mercy Hospital, Balboa Park, & Hillcrest Business District
- Close Proximity to Hillcrest, Old Town, Bankers Hill, & Downtown
- Street Parking Available
Executive Summary
First floor consists of three commercial retail suites. Upper levels consists of 18 luxury residential condos.
Data Room Click Here to Access
Property Facts
1 Unit Available
Unit 301-321
Unit Size | 4,347 SF | Net Initial Yield | 5.86% |
Price | £1,768,337 | NOI | £103,624.55 |
Price Per SF | £406.79 | Sale Conditions | 1031 Exchange |
Unit Use | Retail | APN/Parcel ID | 444-631-24-03, 444-631-24-19 |
Sale Type | Investment or Owner User |
Unit Size | 4,347 SF |
Price | £1,768,337 |
Price Per SF | £406.79 |
Unit Use | Retail |
Sale Type | Investment or Owner User |
Net Initial Yield | 5.86% |
NOI | £103,624.55 |
Sale Conditions | 1031 Exchange |
APN/Parcel ID | 444-631-24-03, 444-631-24-19 |
Description
This is a 3 suite multi-tenant first floor retail condo. Residential above first floor retail condo is not a part of this offering.
Suite 301 is a unique retail owner user opportunity. The space is a window-lined +/- 1,500 SF retail suite that is currently built out as quick-service restaurant with grease trap, freezer/cooler, multiple floor drains, and abundant power.
Suite 311 is occupied by Barkhouse, which has been in-place since 2016. Suite 321 is occupied by Studio Barre, which has been in place since 2014.
Sale Notes
3 Suite Retail Condo For Sale. 1,500 SF Vacant for Owner/User and/or for Lease. Sign and return NDA at end of brochure for Full Marketing Package and Financials.
Buyer/User Income: $9,815/Month (Base Rent + NNN)
Investment Proforma: 5.86% CAP Rate.
Amenities
Unit Amenities
- Air Conditioning
- Wheelchair Accessible (Rooms)
Site Amenities
- Controlled Access
- Lift
zoning
Zoning Code | CC-3-8 (Commercial) |
CC-3-8 (Commercial) |
Presented by
301 W Washington St - Mission Florence
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