1485 E St, San Diego, CA

Listing agent Regis Kobzi License #01237516

Listing office CBRE | San Diego j***@cbre.com Show Phone

Listing date Aug 1, 2025

Source Moodyscre

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Overview

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.

Suggested Use

Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Law Firm Nail Salon Food Market Grocery & Convenience Store Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

San Diego

County

San Diego

State

California

Longitude

-117.151

Latitude

32.7145

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FAQs

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.