1405 University Ave San Diego, CA 92103
Retail building in Hillcrest neighborhood with high traffic.
Type:Retail
Property size:
1,834 SF- Added:
- May 18, 2024
- Days on Market:
- 704
- Last Refresh:
- Mar 17 at 1:26 pm
Property Features for 1405 University Ave
General Information
- Standard status
- Active
- Size
- 1,834 SF
- Property subtype
- Retail
Listing agent Ali Valiahdi License #CA 01980677
Listing office Marcus & Millichap - San Diego
Listing date May 18, 2024
Source Crexi
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
Overview
Retail Building on University Avenue
Located on University Avenue in the Hillcrest neighborhood of San Diego, CA, the property at 1405 University Ave is a 1,834-square-foot retail building. The building is currently 100% leased on a NNN lease to Romantix, an adult bookstore, which has occupied the space since 2008 and recently exercised a 5-year renewal option. University Avenue is the neighborhood’s main street and sees more than 20,000 vehicles passing per day. The property is in close proximity to the 163 freeway, half a mile away from Balboa Park, and two miles from Fashion Valley mall and the San Diego International Airport. The landlord recently reached an agreement with the tenant to break out a back storage area of 1,600 square feet from the lease agreement. The tenant will continue paying the same rent schedule as previously, meaning that the new owner can lease this space out for additional income.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- San Diego
- County
- San Diego
- State
- California
- Longitude
- -117.1509079
- Latitude
- 32.7481873
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - Retail building in Hillcrest neighborhood with high traffic.
Where is this retail space located?
The property is located at 1405 University Ave San Diego, CA.
What is the asking price?
The asking price for this property is $1,975,000.
What are key features of this property?
This property features: 100% leased NNN lease provides stable income stream.; Tenant recently exercised a 5‑year renewal option, ensuring continued occupancy.; High‑traffic location on University Avenue with over 20,000 vehicles per day.
