Four-Tenant Retail Strip
6786 University Avenue, San Diego, CA 92115
For Sale
Contact for pricing
Service-oriented businesses occupy the property, with two leases scheduled to expire in 2028.
Property Size5,000 SF
Lot Size0.51 Acres
Price / SF$500
Days on Market28
Property Features for 6786 University Avenue
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Occupancy
Site & Location
Neighborhood
Frontage
Additional Details
Tenant in Place
Building Details
Tenancy
Parking Ratio
Listing Agency:
Marcus & Millichap - Downtown San Diego
Listed By:
Ross Sanchez · License #02065066
Source:
Crexi
Added: Oct 13
Changed: Nov 8
Last Checked: Nov 8 at 2:40PM
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 - Downtown San Diego
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Investment Insights
Based on property information with market context.
La Mesa Square is a 5,000-square-foot retail strip center on a 22,215-square-foot parcel. Four service businesses—a day spa, salon, barbershop, and tattoo shop—occupy the suites, and the property is fully leased. Two tenant leases expire in 2028. The site is zoned CC.
The center has roughly 135 feet of frontage on University Avenue in La Mesa, within the San Diego area. On-site parking is provided at a ratio of 5.0 spaces per 1,000 square feet.
The center has roughly 135 feet of frontage on University Avenue in La Mesa, within the San Diego area. On-site parking is provided at a ratio of 5.0 spaces per 1,000 square feet.
Key Highlights
- 5,000 SF retail center on a 22,215 SF lot
- Fully leased to four service tenants: day spa, salon, barbershop, and tattoo shop
- Roughly 135 feet of frontage on University Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$120,695
Cap Rate
4.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,413,900
$2.4M
Cap Rate 7%
$1,724,214
$1.7M
Cap Rate 9%
$1,341,056
$1.3M
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$180.0K $36.00/SF
− Vacancy
−$7.6K −$1.52/SF
EGI
$172.4K $34.48/SF
− OpEx
−$51.7K −$10.35/SF
NOI
$120.7K $24.14/SF
Area
San Diego, CA
Vacancy
4.21%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,413,900
Cap Rate 7%
$1,724,214
Cap Rate 9%
$1,341,056
Alternative Uses
Best Use
Retail
$1.72M
$1.51M – $2.01M
NOI $120,695 @ 7.0% cap · market cap 4.83%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.97M
$1.73M – $2.30M
NOI $138,240 @ 7.0% cap · market cap 5.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
614
Businesses Nearby
72k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 60%
Shops & Services 37%
Hotels & Casinos 2%
Electronics 1%
Better Buzz Coffee Roasters
Dining
24,311 visits/mo
0.2 miles
Dollar Tree
Shops & Services
16,978 visits/mo
0.4 miles
Jack in the Box
Dining
13,126 visits/mo
0.1 miles
7-Eleven
Shops & Services
7,400 visits/mo
0.1 miles
Wienerschnitzel
Dining
5,237 visits/mo
0.1 miles
Demographics for 92115, CA
64,251
Population
23,448
Households
2.7
Avg Household Size
30
Median Age
39%
College-Educated
87%
High-School Grad
6.2 sq mi
ZIP Area
10,363
Density / Sq Mi
$75,178
Median Household Income
$36,061
Median Earnings
$1,875
Median Rent
$722,500
Median Home Value
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
Frequently Asked Questions
What type of property is this?
Strip mall - Service-oriented businesses occupy the property, with two leases scheduled to expire in 2028.
Where is this strip mall located?
The property is located at 6786 University Avenue San Diego, CA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 5,000 SF retail center on a 22,215 SF lot; Fully leased to four service tenants: day spa, salon, barbershop, and tattoo shop; Roughly 135 feet of frontage on University Avenue
