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Vacant-User

Mission Beach Retail

3817 Mission Blvd, San Diego, CA 92109

Listing Price: $2,350,000

Cap Rate
1.93%
Gross SF
2,775
Rentable SF
2,600
Price/Gross SF
$846.85
Lot Size
0.06 acres
Year Built
1955

Investment Overview

Marcus & Millichap presents for sale, the fee simple interest in 3817-3819 Mission Blvd., San Diego, CA 92109. The sale represents an opportunity to acquire a +/-2,775 SF, fully leased, multi-tenant Retail property, situated on a +/-2,511 SF lot, within two blocks from the beach in of the most desired neighborhoods of coastal San Diego in Mission Beach. The property is located on Mission Boulevard, the main corridor between Pacific Beach to the north and Mission Beach to the south. Currently the property is fully leased to two Retail tenants. Suite 3819 is a 1,300 sf Retail suite occupied by Tacos El Trompo, a successful Tijuana style taco restaurant with various locations throughout San Diego. Tacos El Trompo is on a 5 Year Lease at $3.17/sf NNN that runs until June 2025 with 3% annual increases. Suite 3817 is a 1,300 sf Retail suite occupied by Beach Laundromat, which is owned and operated by ownership and will be sold to buyer at closing. This presents an excellent opportunity for a user or operator to take over Laundromat. Mission Beach is experiencing a Retail vacancy rate of 2.4% and the average rental rate in Mission Beach is $2.83/sf. NNN according to CoStar Analytics for Q1 2021. Mission Beach is a laid-back neighborhood whose namesake sands attract surfers, sunbathers and volleyball players. A paved path curls around Mission Bay, a popular spot for water sports. Belmont Park is a small amusement park with a wooden roller coaster built in 1925, while SeaWorld San Diego has marine shows and up-close views of orcas and dolphins. Mission Boulevard is lined with casual cafes and eateries.

Investment Highlights

  • 100% Leased Coastal Investment with User/Operator Opportunity
  • Multi-Tenant Retail 2,775 SF Building on 2,511 SF Lot
  • Located on Mission Blvd the Main Corridor to Pacific Beach and Mission Beach 1.5 Blocks to Beach

Exclusively Listed By

Listing Price: $2,350,000

Cap Rate
1.93%
Gross SF
2,775
Rentable SF
2,600
Price/Gross SF
$846.85
Lot Size
0.06 acres
Year Built
1955

Investment Highlights

  • 100% Leased Coastal Investment with User/Operator Opportunity
  • Multi-Tenant Retail 2,775 SF Building on 2,511 SF Lot
  • Located on Mission Blvd the Main Corridor to Pacific Beach and Mission Beach 1.5 Blocks to Beach

Investment Overview

Marcus & Millichap presents for sale, the fee simple interest in 3817-3819 Mission Blvd., San Diego, CA 92109. The sale represents an opportunity to acquire a +/-2,775 SF, fully leased, multi-tenant Retail property, situated on a +/-2,511 SF lot, within two blocks from the beach in of the most desired neighborhoods of coastal San Diego in Mission Beach. The property is located on Mission Boulevard, the main corridor between Pacific Beach to the north and Mission Beach to the south. Currently the property is fully leased to two Retail tenants. Suite 3819 is a 1,300 sf Retail suite occupied by Tacos El Trompo, a successful Tijuana style taco restaurant with various locations throughout San Diego. Tacos El Trompo is on a 5 Year Lease at $3.17/sf NNN that runs until June 2025 with 3% annual increases. Suite 3817 is a 1,300 sf Retail suite occupied by Beach Laundromat, which is owned and operated by ownership and will be sold to buyer at closing. This presents an excellent opportunity for a user or operator to take over Laundromat. Mission Beach is experiencing a Retail vacancy rate of 2.4% and the average rental rate in Mission Beach is $2.83/sf. NNN according to CoStar Analytics for Q1 2021. Mission Beach is a laid-back neighborhood whose namesake sands attract surfers, sunbathers and volleyball players. A paved path curls around Mission Bay, a popular spot for water sports. Belmont Park is a small amusement park with a wooden roller coaster built in 1925, while SeaWorld San Diego has marine shows and up-close views of orcas and dolphins. Mission Boulevard is lined with casual cafes and eateries.

Exclusively Listed By

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