4604 University Ave., San Diego, CA 92105 (MLS # 180012858)

Price $1,395,000
Status Active
Size 6,438 sq ft
Lot Size 9,147 sqft
Days on Market 13
Freestanding corner 6,438 square foot retail building in the heart of San Diego. 5.2% CAP fully occupied single net lease building in the path of progress. Daily traffic count of 23,500 cars per day and excellent street visibility from University Avenue. Built into the current lease are 3% annual rent increases for the next 2 years. Tenant has a 5 year option to extend their lease in August 2020. Tenant currently uses the property as storage for their local businesses. Many uses here such as: hold for redevelopment while generating solid cash flow, subdivide into 4 retail spaces to generate additional cash flow, purchase for a future owner/user facility, etc.... Owner pays property taxes, insurance, and roof maintenance. Tenant pays for everything else. Very easy to manage yourself.
Property Type(s): Commercial
Last Updated 3/12/2018 Year Built 1960
Community EAST SAN DIEGO County San Diego

Additional Details

CONSTRUCTION Block, Glass, Steel, Stucco
GARAGE On Site, Public, Street
LOT 9148 sq ft
STYLE Retail, Warehouse
Listed with Apartment Consultants, Inc.

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Properties on this website was last updated as recently as 3/24/18 10:12 PM PDT.

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