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Urban-High Street

1405 University Ave

1405 University Ave, San Diego, CA 92103

Listing Price: $2,000,000

Cap Rate
4.04%
Tenant Name
N/A
Years Remaining On Lease
6.8
Guarantor
Corporate Guarantee
Rentable SF
1,750
Lease Type
Absolute Net
Rent Per Square Feet
$46.04

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.

Investment Highlights

  • 7 Years Remaining on Absolute NNN Lease
  • Annual CPI Increases with no Cap
  • Tenant Exercised Option Early

Exclusively Listed By

Financing By

Urban-High Street

1405 University Ave

Listing Price: $2,000,000

Cap Rate
4.04%
Tenant Name
N/A
Years Remaining On Lease
6.8
Guarantor
Corporate Guarantee
Rentable SF
1,750
Lease Type
Absolute Net
Rent Per Square Feet
$46.04

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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