1200 4th Ave - Loft/Creative Space FOR SALE


San Diego, CA 92101- Marina District
$5,495,000 USD
760-214-7333
1200 4th Ave, San Diego, CA for Sale
$5,495,000 USD
Loft/Creative Space - FOR SALE
1/23
null | Request Cap Rate

NEW


1200 4th Ave
San Diego, CA 92101
Marina District


HIGHLIGHTS

  • Heavy traffic
  • Lots of natural light
  • Open creative office floor plan

OVERVIEW

Building recently acquired through a distressed sale and available for a value-add purchase for an owner-user or investor. Property has been vacant for an extended period of time (over 6 months) and has undergone some issues with homeless/break in activity. Owner is in process of correcting issues such as missing electricity and HVAC mechanical. Interior is in very good condition and has an open and modern exposed ceiling, elevator served creative office style interior design (please see attached photos). Lots of natural light and great window line. Location is excellent at corner of 4th Avenue and B Street: very convenient freeway access, walking distance to restaurants and retail. Great opportunity for a below market purchase in an area with huge vertical development underway in immediate vicinity.

FOR SALE DETAILS

PRICE

$5,495,000 USD

PRICE/SF

$244 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

ADD'L SUBTYPES

Storefront Retail/Office, Health Club, Industrial Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1959

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

CCBD-CORE

APN/PARCEL ID

533-434-11

ASK ABOUT THIS PROPERTY

John OrlandoJohn Orlando Commercial Real EstateMore Info
760-214-7333

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John OrlandoJohn Orlando Commercial Real EstateMore Info
760-214-7333

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.