Prime Urban Retail Investment
For Sale
Contact for pricing
1485 E St, San Diego, CA
Leased retail property in downtown San Diego's East Village.
Property Size20,523 SF
Lot Size0.47 Acres
Price / SF$341.08
Days on Market450
Property Features for 1485 E St
General Information
Standard status
Active
Size
20,523 SF
Lot size
0.47 Acres
Property subtype
RETAIL
Site & Location
Neighborhood
East Village
Listing Agency:
CBRE | San Diego
(858) 546-4600
Listed By:
Regis Kobzi
(858) 546-4604
Source:
Moodyscre
Added: Aug 1, 2025
Changed: Oct 13
Last Checked: Oct 23 at 9:01AM
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 CBRE | San Diego
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property offers an opportunity to acquire approximately 20,523 square feet of physical improvements under the terms of a long-term ground lease with 47 years remaining. The location benefits from a dense urban environment and convenient accessibility in downtown San Diego's East Village, an area experiencing growth with numerous new restaurants, apartments, and condo developments. The property is 100% leased to Punch Bowl Social, which operates multiple locations across the nation. The tenant recently completed an extensive renovation, demonstrating a long-term commitment to the location. The asset provides fixed increases every 5 years, allowing for passive income growth. Developable commercial land is scarce in this downtown location, making this property virtually irreplaceable. The master leasehold estate includes a 'right of first offer' to purchase the premises from the ground lessor during the initial lease term.
Key Highlights
- Credit Tenancy: 100% leased to Punch Bowl Social, a growing national brand.
- Favorable Master Leasehold Estate: Long‑term 55‑year ground lease (47 years remaining) with 'right of first offer' to purchase.
- Built‑in NOI Growth: Fixed rental increases every 5 years for passive income growth.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$567,420
Cap Rate
8.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,348,400
$11.3M
Cap Rate 7%
$8,106,000
$8.1M
Cap Rate 9%
$6,304,667
$6.3M
Market Conditions
NOI Build-Up for 20,523 SF
Gross rent
$788.1K $38.40/SF
− Vacancy
−$31.5K −$1.54/SF
EGI
$756.6K $36.86/SF
− OpEx
−$189.1K −$9.22/SF
NOI
$567.4K $27.65/SF
Area
San Diego, CA
Vacancy
4.00%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,348,400
Cap Rate 7%
$8,106,000
Cap Rate 9%
$6,304,667
Alternative Uses
Best Use
Specialty Retail
$8.11M
$7.09M – $9.46M
NOI $567,420 @ 7.0% cap · market cap 8.11%
Second Best
Retail
$7.08M
$6.19M – $8.26M
NOI $495,406 @ 7.0% cap · market cap 7.08%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
7,715
Businesses Nearby
215k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 48%
Groceries 23%
Shops & Services 21%
Hotels & Casinos 7%
McDonald's
Dining
47,938 visits/mo
0.5 miles
Jack in the Box
Dining
22,745 visits/mo
0.4 miles
Smart & Final
Groceries
18,290 visits/mo
0.1 miles
Shell
Shops & Services
18,276 visits/mo
0.5 miles
Grocery Outlet Bargain Market
Groceries
16,315 visits/mo
0.3 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in San Diego, CA
Similar Off Market Nearby
- Gaslamp San Diego Same Day Flower Delivery — 266 Island Ave, San Diego, CA 92101, United States
- Nostalgia Flowers and Gifts — 1425 Market St, San Diego, CA 92101
- Mona Flower Boutique — 454 13th St, San Diego, CA 92101
- Edible Florist — 245 Horton Plaza, San Diego, CA 92101, United States
- Albertsons Floral — 655 14th St, San Diego, CA 92101
Frequently Asked Questions
What type of property is this?
Storefront property - Leased retail property in downtown San Diego's East Village.
Where is this storefront property located?
The property is located at 1485 E St San Diego, CA.
What is the asking price?
The asking price for this property is $7,000,000.
What are key features of this property?
This property features: Credit Tenancy: 100% leased to Punch Bowl Social, a growing national brand.; Favorable Master Leasehold Estate: Long‑term 55‑year ground lease (47 years remaining) with 'right of first offer' to purchase.; Built‑in NOI Growth: Fixed rental increases every 5 years for passive income growth.
