Listing ID: 200054471
Price: $4,995,000
Status: ACTIVE
Address: 4683 SE Cass Street
City: San Diego
State: California
Postal Code: 92109
County: San Diego
San Diego
CA
92109
Location Location Location -- Prime fully leased Pacific Beach property located at Cass and Diamond within 2 blocks of Garnet & Mission Blvd/Pacific Ocean. The property is fully leased with an excellent tenant mix including a Fortune 100 parent company tenant (Blenders Eye wear). The property consists of 3 tenants (Blenders Eye Wear, Even Keel Tattoo, SD Recovery Solutions) located within 3 parcels with future development opportunities. Over $650,000 of on-site improvements in the last 18 months.

Primary Features

County: San Diego
Property Type: Commercial-Office/Rental/Industrial
Year Built: 1946
Zoning: CSPD

Interior

Cooling: Central Forced Air Elec, Other
Floors: Slab
Max Contiguous SqFt Available: 5300
Minimum SqFt Available: 700
Number of Stories: 2
SqFt of Improvement: 8900
SqFt Source: Buyer to Verify
Stories: 2 Story

External

Entry Only: no
Lot Size: .25 through .50 Acres
Lot SqFt Approximate: 11735
Number of Buildings: 4
Number of Units: 7
Parking: On Site, Public, Street

Location

Country: United States
Location: Corner, Free Standing
Market Area: Coastal South
Zip/Area: PACIFIC BEACH (92109)

Additional

Class: COMMERCIAL-OFF/RTL/IND
Commercial Property Type: Retail Sale
Effective Age: 70
Property Type: Mixed Usage

Financial

Actual Gross Scheduled Income: 362249
Actual Operating Expense: 82,441
Cap Rate Actual: 5.4
Cap Rate Projected: 6.3
Price per SqFt of Improvement: 561
Projected Gross Operating Income: 407,109
Projected Gross Scheduled Income: 419,700
Projected Net Income: 316,280
Projected Operating Expense: 90,829
Projected Vacancy & Credit Los: 12,591
Sale/Rent: For Sale
Sales Restrictions: Call Agent
Short Sale: no
Tenant Pays: Electric, Gas, Janitor, Maint/Repairs, Trash, Water

Zoning Info


Area Info


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Listing courtesy of Harcourts Point Loma Realty

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