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Mixed-Use

722-728 5th Avenue

722 Fifth Ave, San Diego, CA 92101

Listing Price: $9,000,000

Cap Rate
5.25%
Number of Units
4
Occupancy
100.0%
Price/Unit
$2,250,000
Price/Gross SF
$755.92
Gross SF
11,906

Investment Overview

Marcus & Millichap is pleased to present 722-728 5th Avenue in Downtown San Diego’s Gaslamp District. All ground floor units are leased on NNN leases with an average rent of $5.50 per SF. 722-728 5th Avenue is a Restaurant and SRO building home to Osteria Panevino and Asti Ristorante on the ground level, with Gaslamp Hostel occupying Floors 2 and 3.

The property is located in the heart of the Gaslamp District in Downtown San Diego. With activities for any occasion, the Gaslamp is the perfect spot for a romantic date night, birthday celebration,
bachelor/bachelorette party, bar hopping, or even simply dining out with the family. With a plethora of restaurants, from quick bites to fine dining, there are endless ways to satisfy your taste no matter what you are looking for.

Investment Highlights

  • 11,906 SF, SRO / Restaurant in Downtown San Diego | Located on 5th Avenue in Gaslamp Promenade
  • Value-Add Opportunity from Below Market Hostel Lease
  • Average Rent Amount of $6.73 per SF NNN on Ground Floor Retail vs. $1.70 per SF NNN on Hostel

Exclusively Listed By

Financing By

Mixed-Use

722-728 5th Avenue

Listing Price: $9,000,000

Cap Rate
5.25%
Number of Units
4
Occupancy
100.0%
Price/Unit
$2,250,000
Price/Gross SF
$755.92
Gross SF
11,906

Investment Highlights

  • 11,906 SF, SRO / Restaurant in Downtown San Diego | Located on 5th Avenue in Gaslamp Promenade
  • Value-Add Opportunity from Below Market Hostel Lease
  • Average Rent Amount of $6.73 per SF NNN on Ground Floor Retail vs. $1.70 per SF NNN on Hostel

Investment Overview

Marcus & Millichap is pleased to present 722-728 5th Avenue in Downtown San Diego’s Gaslamp District. All ground floor units are leased on NNN leases with an average rent of $5.50 per SF. 722-728 5th Avenue is a Restaurant and SRO building home to Osteria Panevino and Asti Ristorante on the ground level, with Gaslamp Hostel occupying Floors 2 and 3. The property is located in the heart of the Gaslamp District in Downtown San Diego. With activities for any occasion, the Gaslamp is the perfect spot for a romantic date night, birthday celebration, bachelor/bachelorette party, bar hopping, or even simply dining out with the family. With a plethora of restaurants, from quick bites to fine dining, there are endless ways to satisfy your taste no matter what you are looking for.

Exclusively Listed By

Financing By

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