Mixed-Use

The Wall Hillcrest

Listing Price: $5,000,000

Cap Rate
5.41%
Gross SF
10,822
Rentable SF
9,153
Price/Gross SF
$462.02
Lot Size
0.16 acres
Year Built
1920

Investment Overview

The Totah Group of Marcus & Millichap and Voit Real Estate Services is pleased to present, a 100% leased, 10,822 square-foot, two story, mixeduse building, on a 7,004 SF lot, located in the heart of the vibrant Hillcrest community of San Diego, California. Best in class, pride of ownership asset, the property was recently renovated with impressive architectural aesthetics and high-end design elements. The project is made up of 55% Retail and 45% Office. The ground floor Retail features high quality tenants in, F45 Fitness Training and Freshii Fast Casual. The second story consists of 4 Creative Office Suites that can be made available for an owner-user. (Contact broker for more details). The property is located in the historic retail corridor of University Avenue one of the most highly trafficked streets in Urban San Diego. The eclectic Hillcrest neighborhood is surrounded by local restaurants, bars, coffee shops, boutiques, shopping, and urban housing. Walkability walker’s paradise score of 95. Hillcrest is experiencing record low retail vacancy of 3.3% according to CoStar Analytics, with an average rent of $3.50 NNN. The property is located near the 163 Freeway (171,000 VPD) and within very close proximity to Balboa Park, Little Italy, Downtown/Gaslamp District, Petco Park, and the San Diego International Airport.

Investment Highlights

  • Mixed-Use Asset with High Quality Retail Tenants on NNN Leases (F45 & Freshii)
  • Best in class, pride of ownership asset, the property was recently renovated with impressive architectural aesthetics and high-end design elements
  • The Second story consists of 4 Creative Office Suites that can be made available for an owner-user for up to 4,193 SF

Exclusively Listed By

Listing Price: $5,000,000

Cap Rate
5.41%
Gross SF
10,822
Rentable SF
9,153
Price/Gross SF
$462.02
Lot Size
0.16 acres
Year Built
1920

Investment Highlights

  • Mixed-Use Asset with High Quality Retail Tenants on NNN Leases (F45 & Freshii)
  • Best in class, pride of ownership asset, the property was recently renovated with impressive architectural aesthetics and high-end design elements
  • The Second story consists of 4 Creative Office Suites that can be made available for an owner-user for up to 4,193 SF

Investment Overview

The Totah Group of Marcus & Millichap and Voit Real Estate Services is pleased to present, a 100% leased, 10,822 square-foot, two story, mixeduse building, on a 7,004 SF lot, located in the heart of the vibrant Hillcrest community of San Diego, California. Best in class, pride of ownership asset, the property was recently renovated with impressive architectural aesthetics and high-end design elements. The project is made up of 55% Retail and 45% Office. The ground floor Retail features high quality tenants in, F45 Fitness Training and Freshii Fast Casual. The second story consists of 4 Creative Office Suites that can be made available for an owner-user. (Contact broker for more details). The property is located in the historic retail corridor of University Avenue one of the most highly trafficked streets in Urban San Diego. The eclectic Hillcrest neighborhood is surrounded by local restaurants, bars, coffee shops, boutiques, shopping, and urban housing. Walkability walker’s paradise score of 95. Hillcrest is experiencing record low retail vacancy of 3.3% according to CoStar Analytics, with an average rent of $3.50 NNN. The property is located near the 163 Freeway (171,000 VPD) and within very close proximity to Balboa Park, Little Italy, Downtown/Gaslamp District, Petco Park, and the San Diego International Airport.

Exclusively Listed By

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