This exceptional Class A, multi-tenant retail condominium, Park Terrace, presents a compelling investment opportunity in San Diego's vibrant East Village. Boasting 21,565 square feet across 233 units, this 100% occupied property features a diverse mix of established national and regional tenants including 7-Eleven, Dental Express, EFM Agency, Global Knowledge University, Lolita's, and a Charter School of San Diego. The property enjoys a prime location adjacent to Petco Park and the Tailgate Park redevelopment, benefiting from high visibility and significant foot traffic (over 9,000 vehicles daily and 2.2 million annual Petco Park attendees). Built in 2007, this single-story building sits on a 0.98-acre lot (APN: 535-362-20-01,02,03,04,05,06,07) and is zoned CCPD-BP. The property's strong financial performance is reflected in its $12,500,000 asking price, a 6.55% cap rate, and a Net Operating Income (NOI) of $819,053. The strategic location within the rapidly growing East Village, near 4,200+ new residential units and the influx of over 8,000 jobs from developments like Campus at Horton and RaDD, ensures long-term growth potential. The 7-Eleven unit offers the potential for separate sale. This is a rare chance to acquire a high-performing asset in one of San Diego's most dynamic neighborhoods. The property is located at 1091 K St and 212 Park Blvd, San Diego, CA 92101.
Highlights
Class A, multi-tenant retail condominium in San Diego's East Village, 100% occupied.
Strong tenant mix including national and regional brands like 7-Eleven and a Charter School.
7-Eleven unit offers potential for separate sale.
Prime location adjacent to Petco Park and Tailgate Park redevelopment, with high visibility and significant foot traffic (9,000+ vehicles daily, 2.2 million annual Petco Park attendees).
Exceptional investment opportunity with $12,500,000 asking price, 6.55% cap rate, and $819,053 NOI.
Located in a rapidly growing area with 4,200+ new residential units and 8,000+ new jobs nearby.
Retail property - High-yield retail investment, prime location.
Where is the retail property located?
The property is located at 1091 K St San Diego, CA.
What is the asking price?
The asking price for this property is $12,500,000.
What are key features of this property?
This property features: Class A, multi-tenant retail condominium in San Diego's East Village, 100% occupied.; Strong tenant mix including national and regional brands like 7-Eleven and a Charter School.; 7-Eleven unit offers potential for separate sale.
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Contacts
Bill Shrader
Serena Patterson
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K St San Diego, CA 92101
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K St San Diego, CA 92101
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1091 K St
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