2665 5th Ave - Storefront FOR SALE
San Diego, CA 92103 |
$2,525,000 USD
858-373-3184
2665 5th Ave
San Diego, CA 92103
HIGHLIGHTS
- First Floor Retail Condo in Banker Hill’s Premier Luxury Apartment Building. 10+ Year NNN Lease - Favorable Above Market 3% Annual Rental Increases.
- Ample Underground Commercial Parking for Employees and Customers. Tenant/Guarantor is the 4th Largest Orangetheory Fitness Franchisee in the Country.
- Extremely Dense San Diego Submarket with over 512k People Residing within a 5-Mile Radius. Affluent Area: $115k within a 1-Mile Radius.
- Walking Distance from Balboa Park - a World-Renowned Cultural & Recreational Hub, boasting stunning Spanish Renaissance Architecture, 17 Museums, etc
- Dynamic Location - Ultra High Barrier to Entry Location - Ideally Surrounded by Hotels, Numerous New Apartment Complexes, Offices, Businesses, etc.
- Irreplaceable Real Estate and Legacy Asset - Due to the Downtown Nature of this Location and the Density of the Trade Area.
OVERVIEW
Orangetheory Fitness | Prime San Diego 10+ Year Retail Condo | Above Average 3% Annual Increases | Located in the Heart of the Dynamic Downtown San Diego’s Banker’s Hill | Robust Demographics: 512k+ People w/in 5-Mile Radius | W/in one of the most Walkable and Affluent Neighborhoods in San Diego | Highly Trafficked Area | Across the Street from Balboa Park and Conveniently Located Near the San Diego Zoo and San Diego International Airport
FOR SALE DETAILS
PRICE
$2,525,000 USD
PRICE/SF
$337 USD /SF
CAP RATE
6%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
ORANGETHEORY FITNESS | PRIME SAN DIEGO
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
ADD'L SUBTYPES
Storefront Retail/Office, Storefront Retail/Residential, Health Club
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2016
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
CV-1
APN/PARCEL ID
452-714-01
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858-373-3184
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858-373-3184
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