The North Park trade area has undergone a resurgence, and is viewed as one of the strongest retail trade areas in the County. It is considered a culturally diverse area, with art galleries, boutiques, trendy bars, many breweries, and trendy restaurants. The on-going redevelopment has seen an increasing demand for this trade area. The building is a two-tenant building of approximately 9,000 SF.
The subject is located on the SEC of University Avenue and 28th Street. The building is a two tenant building, 50% NNN leased, to long term tenant, The Mission Café.
The site offers the opportunity to capitalize on the ability to own in San Diego – a purchaser could occupy vs. lease and enjoy pride of ownership along with equity appreciation. A purchase also allows for the opportunity for SBA financing to increase investment returns.