Marcus & Millichap is pleased to present for sale 5304-5320 Custer Street. The offering, a rare opportunity for either owner-users or investors, is comprised of two adjacent parcels with metal construction warehouses, currently under one lease that expires March 31, 2025. 5304 Custer Street includes a Quonset hut and offers 5,192 square feet of building space on a 0.22 acre parcel. 5320 Custer Street includes multiple metal structures totalling 7,371 square feet of building space on a 0.30 acre parcel.
The offering sits prominently at the intersection of Interstates 5 and 8 in coastal central San Diego. It is wedged in the middle of the largest redevelopments in San Diego -- the $3 billion Riverwalk Golf Course project, the Midway Rising / Sports Arena redevelopment, NAVWAR redevelopment and immediately adjacent to the Tecolote Village planned
redevelopment. All of these developments will cumulatively add up to 20,000 residences and millions of Class A commercial square feet.
The IL-3-1 zone allows a mix of light industrial, ofce and commercial uses. The purpose of the IL zones is to provide for a wide range of manufacturing and distribution activities. The development standards of this zone are intended to encourage sound industrial development by providing an attractive environment free from adverse impacts associated with some heavy industrial uses. The IL zones are intended to permit a range of uses, including nonindustrial uses in some instance.
*This is a successor trustee sale. Successor trustee will provide all information available but representations and warranties will be limited. Buyer will need to satisfy itself with respect to all investigations.