Creative Office Building with Gated
For Sale
Contact for pricing
2137 Fifth Ave, San Diego, CA 92101
Renovated office asset with a corporate-guaranteed NNN lease and secured on-site parking.
Property SizeContact for details
Days on Market143
Property Features for 2137 Fifth Ave
General Information
Standard status
Active
Property subtype
Retail
Building Details
Year Built
1957
Year Renovated
2021
Tenancy
Single
Listing Agency:
Marcus & Millichap - San Diego
Listed By:
Ricky Partida · License #02027870
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 29 at 9:58PM
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
Investment Insights
Based on property information with market context.
Fifth & Ivy is a 14,400 SF office building on 14,953 SF of land, constructed in 1957 and renovated in 2021. The property offers a Class A creative-office interior with exposed 14-foot ceilings, rollup doors, a full kitchen, breakroom, updated façade, and 45 gated parking stalls with secured access. Its corner position at Fifth Avenue and Ivy Street provides panoramic views of Downtown and San Diego Bay.
The building is fully leased to Funko, Inc. under an original 7-year lease that extends through November 2029. The agreement includes 3.0 percent annual rental increases, one additional 7-year option, and a corporate guaranty from Funko, Inc. The property is structured as a single-tenant NNN investment with minimal landlord responsibilities.
The site is within the Tier 3 area of Complete Communities Housing Solutions zoning, which permits a 6.5 FAR along with stated incentives and development options.
The building is fully leased to Funko, Inc. under an original 7-year lease that extends through November 2029. The agreement includes 3.0 percent annual rental increases, one additional 7-year option, and a corporate guaranty from Funko, Inc. The property is structured as a single-tenant NNN investment with minimal landlord responsibilities.
The site is within the Tier 3 area of Complete Communities Housing Solutions zoning, which permits a 6.5 FAR along with stated incentives and development options.
Key Highlights
- 14,400 SF office building on 14,953 SF of land
- Constructed in 1957 and renovated in 2021
- Fully leased to Funko, Inc. through November 2029
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,227
Businesses Nearby
Explore this area
Business Placement
Demographics for 92101, CA
47,505
Population
32,909
Households
1.4
Avg Household Size
39
Median Age
57%
College-Educated
92%
High-School Grad
5.4 sq mi
ZIP Area
8,797
Density / Sq Mi
$90,477
Median Household Income
$72,371
Median Earnings
$2,351
Median Rent
$740,500
Median Home Value
Market
Vacancy Rate% for Office in San Diego, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Renovated office asset with a corporate-guaranteed NNN lease and secured on-site parking.
Where is this office building located?
The property is located at 2137 Fifth Ave San Diego, CA.
What are key features of this property?
This property features: 14,400 SF office building on 14,953 SF of land; Constructed in 1957 and renovated in 2021; Fully leased to Funko, Inc. through November 2029
