Urban-High Street
1405 University Ave
1405 University Ave, San Diego, CA 92103
Listing Price: $2,000,000
Investment Overview
Marcus & Millichap is pleased to present 1405 University Ave, in the Hillcrest neighborhood of San Diego, CA. This 1,750 sqft retail building sits on University Avenue, the neighborhood’s main street with more than 20,000 vehicles passing per day. The property is 100% leased on a NNN lease to and recently exercised a 5-year renewal option. The tenant has been occupying the space since 2008. The property is in close proximity to the 163 freeway and is just half a mile away from Balboa Park and two miles from Fashion Valley mall and the San Diego International Airport.
Exclusively Listed By
Financing By
Listing Price: $2,000,000
Investment Highlights
- 7 Years Remaining on Absolute NNN Lease
- Annual CPI Increases with no Cap
- Tenant Exercised Option Early
Investment Overview
Marcus & Millichap is pleased to present 1405 University Ave, in the Hillcrest neighborhood of San Diego, CA. This 1,750 sqft retail building sits on University Avenue, the neighborhood’s main street with more than 20,000 vehicles passing per day. The property is 100% leased on a NNN lease to and recently exercised a 5-year renewal option. The tenant has been occupying the space since 2008. The property is in close proximity to the 163 freeway and is just half a mile away from Balboa Park and two miles from Fashion Valley mall and the San Diego International Airport.
Exclusively Listed By
Financing By
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