Prime Urban Retail Investment
1485 E St San Diego, CA
1485 E St, San Diego, CA, 00000
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For Sale
Contact for pricing
Leased retail property in downtown San Diego's East Village.
Property Size20,523 SF
Lot Size0.47 Acres
Price / SF$341.08
Days on Market357
Property Features for 1485 E St
General Information
- Standard status
- Active
- Size
- 20,523 SF
- Lot size
- 0.47 Acres
- Property subtype
- RETAIL
Listing agency
CBRE | San Diego
(858) 546-4604
Listed by
Regis Kobzi · License #01237516
Source
Moodyscre
Added: Aug 1, 2025 Updated: Jul 10 at 11:41AM Checked: Jul 21 at 4:54AM
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
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.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $788.1k | $38.40 |
| − Vacancy | −$31.5k | −$1.54 |
| EGI | $756.6k | $36.86 |
| − OpEx | −$189.1k | −$9.22 |
| NOI | $567.4k | $27.65 |
20,523 SF · lease $38.40/SF/yr · vacancy 4.00% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Punch Jewelry Shop
(Bike/Boat/Book/etc) Store
Punch Bowl Social
Restaurant
Similar For Sale Nearby
Similar Off Market Nearby
- Gaslamp San Diego Same Day Flower Delivery — 266 Island Ave, San Diego, CA 92101, United States
- Edible Florist — 245 Horton Plaza, 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
- Albertsons Floral — 655 14th St, San Diego, CA 92101
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.
