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Property profile & analytics
FOR SALE
Storefront properties

1485 E St San Diego, CA 92101

20,523 SF
Property ID
US09-2165168
Property summary
AI-generated overview

- Dense Urban Location with Convenient Accessibility Downtown San Diego East Village is home to many new restaurants, Petco Park, numerous new apartments and condo developments, totaling 11,000 residential units - Irreplaceable Urban Real Estate - Due to the downtown nature of this location and the density of the trade area, developable commercial land is scarce making this property virtually irreplaceable. - Favorable Master Leasehold Estate - This is an opportunity to purchase ±20,523 sq ft of physical improvements under the terms of a long term 55 ground lease (47 years remaining); with ‘right of first offer’ to purchase the premises from ground lessor during the initial 55 year lease term. - Recent Renovation - Tenant recently underwent an extensive renovation at its sole cost, further proving the tenant’s long-term commitment to this location. - Credit Tenancy – 100% leased to Punch Bowl Social, founded in 2012 and which has experienced significant growth and recognition for its unique concept. Now operating 14 locations across the nation. - Built in NOI Growth - The asset offers fixed increases every 5 years allowing for passive income growth.

Property profile
Verified
Property type Storefront properties
Total area 20,523 SF
UPID US09-2165168
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Punch Jewelry Shop (Bike/Boat/Book/etc) Store
  • Punch Bowl Social Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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