Just Listed! Value-Add Retail Center in San Diego, CA
Investment Opportunity: $2,750,000
Palm Tree Properties is excited to present an exceptional investment opportunity for qualified investors: a value-add retail center located at the bustling intersection of University Avenue and College Avenue in San Diego, CA. Listed at $2,750,000, this property offers significant upside potential due to current below-market rents, making it an ideal acquisition for those looking to enhance their portfolio and capitalize on the burgeoning San Diego market.
Property Highlights
Rare Opportunity to Acquire Multi-Tenant Retail Building
Great Street Viability
Off the Corner of Busy University and College Ave
The property is located 1 mile from San Diego State University with a student and faculty population of ±40,000.
About this Investment Opportunity
The property is strategically positioned just over a mile from San Diego State University (SDSU), a major driver of foot traffic and economic activity in the area. The proximity to SDSU means a steady stream of potential customers from the student population, faculty, and staff, providing a consistent and reliable customer base for retailers. The intersection of University Avenue and College Avenue is one of the busiest in the region, ensuring high visibility and accessibility for the retail center.
The retail center comprises six suites, each offering a unique opportunity for a variety of tenants. Five of the six leases are on a month-to-month basis or will expire soon, providing the new owner with immediate flexibility to renegotiate leases at current market rates or reposition the tenant mix to maximize revenue. This versatility allows investors to strategically plan tenant occupancy, potentially attracting higher-paying tenants and improving the overall tenant quality.
Prominent monument signage enhances the visibility of the retail center, attracting passing traffic and making it easy for customers to locate businesses. The property also includes on-site parking both in front and behind the building, a significant advantage in the retail sector.
Palm Tree Properties: San Diego’s Top Brokerage and Property Management Company
Don’t miss out on this rare opportunity to acquire a value-add retail center in a prime San Diego location. For more detailed information about this opportunity contact Erik or Max today. Palm Tree Properties is committed to providing comprehensive support and guidance throughout the investment process.Stay tuned for more updates from Palm Tree Properties!
Contact Erik:
Email: [email protected]
Phone: (619) 616-7332
Contact Max:
Email: [email protected]
Phone: (619) 672-9970
Stay tuned for more updates from Palm Tree Properties!
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