643 5Th Ave San Diego, CA 92101

Located in the Gaslamp Quarter of downtown San Diego, this retail property, known as Urban Collective, benefits from its position within a vibrant and historic neighborhood. The Gaslamp Quarter features Victorian-era architecture and a lively atmosphere, offering a mix of entertainment, dining, and nightlife. The property is occupied by Ghirardelli Café, which has a 25-year operating history and has recently extended their lease for 10 years, and Museum of Illusions, which opened in June 2025 with a new 10-year lease. Museum of Illusions is a worldwide brand with over 70 locations in 25 countries across 4 continents, attracting approximately 20 million visitors worldwide. The location provides convenient access to nearby affluent neighborhoods such as Pacific Beach, La Jolla, and Point Loma via Harbor Dr (approximately 22,000 CPD). The Gaslamp District benefits from local and regional accessibility to residents, visitors, and tourists via MTS Trolly (75 million riders per year), Amtrak COASTER (32.8 million customers per year) and Interstate 5 (approximately 224,000 CPD). The property is near Petco Park, home of MLB’s San Diego Padres, which had an average game attendance of 41,117 in 2024. More than 6,000 multi-family units have been added to Downtown San Diego since 2017, with nearly 1,900 housing units in 2024.