100% LEASED WITH AN INPLACE 6%+ CAP RATE 6110-6126 University Ave 7,560 SF 100% Leased Retail Building San Diego, CA 92115 £1,949,050 (£257.81/SF) 6.07% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Fully Leased!
- 6%+ CAP Rate
- Well Maintained
EXECUTIVE SUMMARY
ALL LEASED HAVE BEEN EXTENDED. PROPERTY IS 100% LEASED WITH AN INPLACE 6%+ CAP RATE
Rare opportunity to acquire a fully leased multi-tenant retail building near San Diego State University! This property offers excellent street visibility at the busy intersection of University Ave and College Ave, just one mile from San Diego State University, home to a ±40,000 student and faculty population.
Key features include monument signage, on-site parking in both the front and back, and an established tenant base. With a current CAP rate of approximately 6.07%, this property is projected to reach 6.33% CAP within Year 1 of ownership based on current income.
Don’t miss this rare opportunity to own a high-performing retail asset in a prime San Diego location!
Rare opportunity to acquire a fully leased multi-tenant retail building near San Diego State University! This property offers excellent street visibility at the busy intersection of University Ave and College Ave, just one mile from San Diego State University, home to a ±40,000 student and faculty population.
Key features include monument signage, on-site parking in both the front and back, and an established tenant base. With a current CAP rate of approximately 6.07%, this property is projected to reach 6.33% CAP within Year 1 of ownership based on current income.
Don’t miss this rare opportunity to own a high-performing retail asset in a prime San Diego location!
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
7,560 SF
Building Class
C
Year Built
1972
Price
£1,949,050
Price Per SF
£257.81
Net Initial Yield
6.07%
NOI
£118,307
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.41
Lot Size
0.42 AC
AMENITIES
- Signage
- Monument Signage
Walk Score®
Very Walkable (78)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £392,563 | |
| Land Assessment | £392,563 | Total Assessment | £785,127 |
