Retail Building on University
For Sale
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1405 University Ave, San Diego, CA 92103
Retail building in Hillcrest neighborhood with high traffic.
Property Size1,834 SF
Price / SF$1,076
Days on Market887
Property Features for 1405 University Ave
General Information
Standard status
Active
Size
1,834 SF
Property subtype
Retail
Investment Type
Net Lease
Net Operating Income
$86,164
Building Details
Year Renovated
1985
Units
1
Listing Agency:
Marcus & Millichap - San Diego
Listed By:
Ali Valiahdi · License #CA 01980677
(858) 373-3288
Source:
Crexi
Added: May 18, 2024
Changed: Oct 14
Last Checked: Oct 20 at 8:35PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - San Diego
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Investment Insights
Based on property information with market context.
Located on University Avenue in the Hillcrest neighborhood of San Diego, CA, the property at 1405 University Ave is a 1,834-square-foot retail building. The building is currently 100% leased on a NNN lease to Romantix, an adult bookstore, which has occupied the space since 2008 and recently exercised a 5-year renewal option. University Avenue is the neighborhood’s main street and sees more than 20,000 vehicles passing per day. The property is in close proximity to the 163 freeway, half a mile away from Balboa Park, and two miles from Fashion Valley mall and the San Diego International Airport. The landlord recently reached an agreement with the tenant to break out a back storage area of 1,600 square feet from the lease agreement. The tenant will continue paying the same rent schedule as previously, meaning that the new owner can lease this space out for additional income.
Key Highlights
- 100% leased NNN lease provides stable income stream.
- Tenant recently exercised a 5‑year renewal option, ensuring continued occupancy.
- High‑traffic location on University Avenue with over 20,000 vehicles per day.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,859
Businesses Nearby
226k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 61%
Dining 17%
Shops & Services 15%
Home Improvements & Furnishings 5%
Whole Foods Market
Groceries
64,059 visits/mo
0.5 miles
Ralphs
Groceries
46,221 visits/mo
0.3 miles
Sprouts Farmers Market
Groceries
25,356 visits/mo
0.5 miles
Better Buzz Coffee Roasters
Dining
12,340 visits/mo
0.4 miles
Jack in the Box
Dining
12,210 visits/mo
0.5 miles
Demographics for 92103, CA
33,311
Population
21,363
Households
1.6
Avg Household Size
42
Median Age
63%
College-Educated
97%
High-School Grad
3.7 sq mi
ZIP Area
9,003
Density / Sq Mi
$96,887
Median Household Income
$69,732
Median Earnings
$2,020
Median Rent
$986,800
Median Home Value
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Market
Vacancy Rate% for Retail in San Diego, CA
Frequently Asked Questions
What type of property is this?
Retail space - Retail building in Hillcrest neighborhood with high traffic.
Where is this retail space located?
The property is located at 1405 University Ave San Diego, CA.
What is the asking price?
The asking price for this property is $1,975,000.
What are key features of this property?
This property features: 100% leased NNN lease provides stable income stream.; Tenant recently exercised a 5‑year renewal option, ensuring continued occupancy.; High‑traffic location on University Avenue with over 20,000 vehicles per day.
