213-955-6452
121 Broadway, San Diego, CA for Sale
Loft/Creative Space - FOR SALE
1/8
null | Request Cap Rate

121 Broadway
San Diego, CA 92101


HIGHLIGHTS

  • 127,490 SF of vacant, predominantly open space ideally suited for conversion to residential, creative office, or hotel
  • 40,739 SF ground floor retail anchored by Corner Bakery and Citibank & 134 subterranean parking spaces
  • 1,463-seat performance theatre with operating agreement with AEG Management that can also be delivered unencumbered
  • Main & main location across the street from The Campus at Horton & walking distance to the trolley, convention center, and U.S. Grant hotel
  • Historic designation & in-place Mills Act contract provides tax incentives
  • Seller financing available

OVERVIEW

Cushman & Wakefield, Inc. is pleased to present the opportunity to acquire The Spreckels Building (the “Property”), one of San Diego’s most recognizable assets. Situated in the Gaslamp Quarter across from The Campus at Horton and blocks to the San Diego Convention Center, the Property is in a true “main & main” location. Occupying a full city block, the iconic six-story asset consists of five floors (127,490 SF) of open space with high ceilings and abundant natural light are ideally suited for education, healthcare, residential, creative office, or hotel uses; 40,739 SF of highly visible ground floor retail anchored by Corner Bakery and Citibank, a sought-after 1,463-seat performance theatre for live performances, concerts, comedy events, and children’s programming, and 134 parking spaces. Please execute the confidentiality agreement at the following link for access to the offering memorandum and due diligence materials: https://my.rcm1.com/buyer/agreement?pv=lrU0s7z4ZMh-_EQDUWt3-E5_5T4ji0DwZs4sUYNgf0CbkQvobb5Oz62ItROIq4F7

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

STATUS

Under Renovation

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Spreckels Bldg

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

6

BUILDING CLASS

C

YEAR BUILT

1912

SPRINKLERS

-

PARKING SPACES

134

LAND DETAILS

LAND ACRES

1.08 AC

LAND SF

47,045 SF

ZONING

C

APN/PARCEL ID

533-610-14,533-610-15

ASK ABOUT THIS PROPERTY

Morgan JacksonCushman & WakefieldMore Info
213-955-6452

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

Morgan JacksonCushman & WakefieldMore Info
213-955-6452

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