101 Market St, Unit C1 San Diego, CA 92101-6800

Property Details for 101 Market St

Year built

2002

Lot size

1.36 lot acres

Property size

1,207 SF

Zone code

COMMERCIAL

Property type

Retail space

APN

535-072-06-01

APU

5350720601

Description

This exceptional commercial condominium investment opportunity in San Diego, California presents a multi-tenant retail property ideally suited for discerning investors. Located at 101 Market St, 92101, this 10,981 square foot complex boasts five units with 100% occupancy, generating a strong income stream. Built in 2002, the property features a diverse tenant mix including restaurant, light medical, and office spaces, all operating under a NNN lease structure. The asking price is $5,750,000, representing a compelling 6.10% cap rate and a price per square foot of $523.63. Situated in the highly desirable Marina neighborhood of Downtown San Diego, this property benefits from its prime location on a main thoroughfare, providing easy access to the Convention Center and I-5. The surrounding area is experiencing significant growth, with over 1,500 residential units within a quarter-mile radius, and proximity to major developments like RaDD and Campus at Horton. San Diego's robust economy, with an average household income exceeding $100,000 within a two-mile radius, further enhances the investment potential. The property's strong, long-term tenants contribute to its stability and consistent cash flow, making it an attractive addition to any portfolio. This is a rare opportunity to acquire a well-positioned, high-performing asset in one of California's most dynamic urban centers.