2002-2004 University Avenue, San Diego, CA 92104
For Sale - Owner/User or Investment
± 1,000 - 2,538 Sq. Ft.
CN-1-5 (Commercial Neighborhood)
Allows 1 DU/600/SF (View Link)
Tier 3 - 6.5 FAR Bonus
± 6,288 Sq. Ft. Mixed-Use Building
± 7,497 Sq. Ft.
Seller Carry Back
65% / 70% LTV
QOZ (North Park Opportunity Zone)
Sales Price: $2,695,000
Cap Rate: 6.10% Proforma
Pacific Coast Commercial is pleased to present this mixed-use commercial building with income located in central San Diego between two exclusive communities, North Park and Hillcrest. It provides an opportunity for a creative office or retail business to occupy up to 2,538 SF of the building with additional income to offset it’s expenses and longer term redevelopment upside. An investor has the potential to capture a 6.1% cap rate through lease up or residential conversion.
Both of these San Diego communities cater to a locals and tourist crowd and streets are lined with coffee shops, boutiques, art galleries, diverse restaurants and craft beer pubs.
This colorful unique building was painted by world renowned graffiti legend and contemporary artist Kelly “RISK” Graval, (www.riskrock.com), who’s work has been shown in top galleries in LA, San Francisco, Toronto, New York, Miami and London.
North Park is a neighborhood in San Diego, California, United States, as well as a larger "community" as defined by the City of San Diego for planning purposes. Northeast of downtown and bordering Balboa Park, you’ll find the diverse and eclectic uptown neighborhoods of North Park.
Catering to a local crowd, Hipsters, young professionals and students hang out in trendy North Park, where streets are lined with coffee shops, craft-beer bars, boutiques, art galleries, and diverse restaurants.
Within 2 Mile Radius
Within 2 Mile Radius
PRIVATE INVESTMENT TEAM
OFFICE (619) 469-3600
10721 Treena St., Suite 200, San Diego, CA 92131
The information contained herein has been given to us by the owner of the property or other sources we deem reliable, we have no reason to doubt Its accuracy, but we do not guarantee it. All information including zoning, financials, leases, square footage, permits and use should be verified during due diligence and prior to completing a purchase or lease.