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Mixed-Use

762 Fifth Ave

762 Fifth Ave, San Diego, CA 92101

Listing Price: $5,500,000

Cap Rate
1.52%
Number of Units
9
Occupancy
50.0%
Price/Unit
$611,111
Price/Gross SF
$550.00
Gross SF
10,000

Investment Overview

Marcus & Millichap is pleased to present 762-764 5th Avenue in Downtown San Diego’s Gaslamp District. All ground floor units are leased on NNN leases with a rent of $4.75 per SF. 762-764 5th Avenue is home to Red Ivy, a new restaurant expected to open in May 2024, and also has two floors of residentially zoned space, permitted for 8 total apartment units.

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

  • 10,000 SF, Restaurant/Residential in Downtown San Diego
  • 2nd and 3rd Floors Permitted for 8 Total Multi-Family Units
  • Tenant has Invested Considerable Capital into their Space

Exclusively Listed By

Financing By

Mixed-Use

762 Fifth Ave

Listing Price: $5,500,000

Cap Rate
1.52%
Number of Units
9
Occupancy
50.0%
Price/Unit
$611,111
Price/Gross SF
$550.00
Gross SF
10,000

Investment Highlights

  • 10,000 SF, Restaurant/Residential in Downtown San Diego
  • 2nd and 3rd Floors Permitted for 8 Total Multi-Family Units
  • Tenant has Invested Considerable Capital into their Space

Investment Overview

Marcus & Millichap is pleased to present 762-764 5th Avenue in Downtown San Diego’s Gaslamp District. All ground floor units are leased on NNN leases with a rent of $4.75 per SF. 762-764 5th Avenue is home to Red Ivy, a new restaurant expected to open in May 2024, and also has two floors of residentially zoned space, permitted for 8 total apartment units. 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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