4604 University Ave., San Diego, California
4604 University Ave., San Diego, California 92105 - Freestanding corner 6,438 square foot retail building in the heart of San Diego. 5.2% CAP fully occupied single net lease building in the path of progress. Daily traffic count of 23,500 cars per day and excellent street visibility from University Avenue. Built into the current lease are 3% annual rent increases for the next 2 years. Tenant has a 5 year option to extend their lease in August 2020. Tenant currently uses the property as storage for their local businesses. Many uses here such as: hold for redevelopment while generating solid cash flow, subdivide into 4 retail spaces to generate additional cash flow, purchase for a future owner/user facility, etc.... Owner pays property taxes, insurance, and roof maintenance. Tenant pays for everything else. Very easy to manage yourself.
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Listing Courtesy of Apartment Consultants, Inc.
“When I met up with Shannon, I was ready to give up on my move to the San Diego area and stay in L.A. She told me not to worry...she knew we were going to find the perfect house. And we did...thanks to her extra effort tracking down a house that didn't come up on our list. And from that point on, she was on top of every detail and went way above and beyond to make sure my move-in was on time and without surprises. She's the best! ”