1631-1633 6th Ave - Storefront FOR SALE


San Diego, CA 92101- Cortez
$2,250,000 USD
858-373-3226
1631-1633 6th Ave, San Diego, CA for Sale
$2,250,000 USD
Storefront - FOR SALE
1/6
null | 5.27% Cap Rate

1631-1633 6th Ave
San Diego, CA 92101
Cortez


OVERVIEW

Marcus & Millichap is pleased to exclusively market for sale the fee simple interest in a two-tenant absolute NNN retail condo located at the Northeast corner of 6th Avenue and Cedar Street, below the 133-unit residential condominium known as The Mills at Cortez Hill. 6th Avenue is the main entry into Uptown and Downtown San Diego’s Central Business District. The Cortez Hill neighborhood houses over 3,000 residential units, schools, churches and Tweet Street Park. Commercial shops and sidewalk cafes line Fifth and Sixth Avenue while Ash Street provides a gateway to the waterfront. As the highest land mass in the Centre City Community Planning area, Cortez Hill boasts views of urban San Diego, Balboa Park, the bay and Pacific Ocean. The property boasts a prime location with exceptional connectivity, situated just minutes from the I-5 freeway and within walking distance of Balboa Park, San Diego’s cultural and recreational centerpiece. Cortez Hill’s strategic position offers easy access to the bustling downtown core while maintaining a quieter, more refined environment. Anchored by 7-Eleven, an internationally recognized credit tenant, and locally owned Barber Craft, the Property has long-served the communities essential daily needs. Both tenants are paying below-market rents, providing a dependable income stream with growth potential.

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$692 USD /SF

CAP RATE

5.27%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

C

APN/PARCEL ID

534-011-12-71

ASK ABOUT THIS PROPERTY

Reed HamiltonMarcus & MillichapMore Info
858-373-3226

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Reed HamiltonMarcus & MillichapMore Info
858-373-3226

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