Fitness Center
Orangetheory Fitness | Prime San Diego | Above Average 3% Annual Increases | Highly Trafficked Area
2665 Fifth Ave, San Diego, CA 92103
Listing Price: $2,525,000
Investment Overview
Located in the desirable Bankers Hill neighborhood of San Diego, this area offers a seamless blend of historic charm and modern sophistication. The streets are lined with an eclectic mix of Victorian-era architecture, sleek contemporary buildings, and boutique residences, creating a vibrant and welcoming atmosphere. Known for its tree-lined streets and pedestrian-friendly layout, this neighborhood is ideal for those seeking an upscale urban environment.
The area is home to an impressive culinary scene, featuring everything from upscale fine dining to charming bistros and trendy cafes. Whether enjoying a quick coffee or an elegant dinner, the options are plentiful and diverse. Art enthusiasts will appreciate the nearby galleries and cultural spots that reflect the neighborhood’s creative spirit.
A key highlight of the area is its proximity to Balboa Park, one of San Diego’s most iconic landmarks. The park is a hub for cultural and recreational activities, offering world-class museums, theaters, and the famous San Diego Zoo. Its lush gardens, expansive walking paths, and tranquil spaces make it a haven for outdoor enthusiasts and families alike.
The location is incredibly convenient, with easy access to downtown San Diego, the Gaslamp Quarter, and the waterfront. Commuting and exploring the city is a breeze thanks to excellent public transportation and nearby major roadways. With its rich culture, exceptional amenities, and urban charm, this neighborhood truly embodies the best of San Diego living.
Investment Highlights
- First Floor Retail Condo in Banker Hill's Premier Luxury Apartment Building. 10+ Yr NNN Lease - Favorable Above Market 3% Annual Rental Increases throughout the Initial Term & FMV Increase at Option.
- Situated on Fifth Ave, Boasting Average Daily Traffic Counts of 17k+ Vehicles. Parallel to the east of Fifth Ave, Sixth Ave attracts 18k+ Vehicles per Day.
- East of Sixth Ave is Balboa Park, within which runs Cabrillo Fwy to supply an additional 117k+ Vehicles Daily.
- Tenant/Guarantor is the 4th Largest Orangetheory Fitness Franchisee in the Country & the Largest on the West Coast with 40 Locations Under Operation.
- Extremely Dense San Diego Submarket with over 512k People Residing within a 5-Mile Radius. Affluent Area: Features an Average Household Income of more than $115k within a 1-Mile Radius.
- Walking Distance from Balboa Park - a World-Renowned Cultural and Recreational Hub, boasting stunning Spanish Renaissance Architecture, 17 Museums, Lush Gardens, and the Famous San Diego Zoo. Irreplaceable Real Estate and Legacy Asset - Due to the Downtown Nature of this Location and the Density of the Trade Area, Developable Commercial Land is Scarce making this Property Virtually Irreplaceable.
- Minutes from San Diego International Airport - Southern California's 3rd-Busiest Airport. Serving as San Diego's Primary Gateway, it handled over 24M Passengers in 2023, connecting the Region to Domestic and International Destinations.
- In Close Proximity to Balboa Naval Medical Center - a Premier Military Medical Facility with more than 2,600 Beds and 89 Campuses, providing Comprehensive Healthcare Services to over 250k Beneficiaries in the San Diego Area. Dynamic Location - Ultra High Barrier to Entry Location - Ideally Surrounded by Hotels, Numerous New Apartment Complexes, Offices, Businesses, Restaurants, Shops and Entertainment Destinations.
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Fitness Center
Orangetheory Fitness | Prime San Diego | Above Average 3% Annual Increases | Highly Trafficked Area
Listing Price: $2,525,000
Investment Highlights
- First Floor Retail Condo in Banker Hill's Premier Luxury Apartment Building. 10+ Yr NNN Lease - Favorable Above Market 3% Annual Rental Increases throughout the Initial Term & FMV Increase at Option.
- Situated on Fifth Ave, Boasting Average Daily Traffic Counts of 17k+ Vehicles. Parallel to the east of Fifth Ave, Sixth Ave attracts 18k+ Vehicles per Day.
- East of Sixth Ave is Balboa Park, within which runs Cabrillo Fwy to supply an additional 117k+ Vehicles Daily.
- Tenant/Guarantor is the 4th Largest Orangetheory Fitness Franchisee in the Country & the Largest on the West Coast with 40 Locations Under Operation.
- Extremely Dense San Diego Submarket with over 512k People Residing within a 5-Mile Radius. Affluent Area: Features an Average Household Income of more than $115k within a 1-Mile Radius.
- Walking Distance from Balboa Park - a World-Renowned Cultural and Recreational Hub, boasting stunning Spanish Renaissance Architecture, 17 Museums, Lush Gardens, and the Famous San Diego Zoo. Irreplaceable Real Estate and Legacy Asset - Due to the Downtown Nature of this Location and the Density of the Trade Area, Developable Commercial Land is Scarce making this Property Virtually Irreplaceable.
- Minutes from San Diego International Airport - Southern California's 3rd-Busiest Airport. Serving as San Diego's Primary Gateway, it handled over 24M Passengers in 2023, connecting the Region to Domestic and International Destinations.
- In Close Proximity to Balboa Naval Medical Center - a Premier Military Medical Facility with more than 2,600 Beds and 89 Campuses, providing Comprehensive Healthcare Services to over 250k Beneficiaries in the San Diego Area. Dynamic Location - Ultra High Barrier to Entry Location - Ideally Surrounded by Hotels, Numerous New Apartment Complexes, Offices, Businesses, Restaurants, Shops and Entertainment Destinations.
Investment Overview
Located in the desirable Bankers Hill neighborhood of San Diego, this area offers a seamless blend of historic charm and modern sophistication. The streets are lined with an eclectic mix of Victorian-era architecture, sleek contemporary buildings, and boutique residences, creating a vibrant and welcoming atmosphere. Known for its tree-lined streets and pedestrian-friendly layout, this neighborhood is ideal for those seeking an upscale urban environment. The area is home to an impressive culinary scene, featuring everything from upscale fine dining to charming bistros and trendy cafes. Whether enjoying a quick coffee or an elegant dinner, the options are plentiful and diverse. Art enthusiasts will appreciate the nearby galleries and cultural spots that reflect the neighborhood’s creative spirit. A key highlight of the area is its proximity to Balboa Park, one of San Diego’s most iconic landmarks. The park is a hub for cultural and recreational activities, offering world-class museums, theaters, and the famous San Diego Zoo. Its lush gardens, expansive walking paths, and tranquil spaces make it a haven for outdoor enthusiasts and families alike. The location is incredibly convenient, with easy access to downtown San Diego, the Gaslamp Quarter, and the waterfront. Commuting and exploring the city is a breeze thanks to excellent public transportation and nearby major roadways. With its rich culture, exceptional amenities, and urban charm, this neighborhood truly embodies the best of San Diego living.