An Exclusive Opportunity at th Avenue

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Janice Atkins
6 years ago
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1 An Exclusive Opportunity at th Avenue

2 Property Highlights. San Diego boutique hotel opportunity in the heart of downtown s fastest growing neighborhood Rare trophy asset, comes completely furnished and in full operation Excellent hotel, vacation rental, owner-user, or unique real estate opportunity 2,726 SF Four (4) 3,075 SF 1905 Two (2) $3,000,000 Building Size Units Land SF Year Built Stories Parcel # Sales Price

3 Trip Advisor Hall of Fame, Every Year Since One of the 50 Coolest Small Businesses in America * #1 San Diego Hotel on Yelp.

FINANCIAL SUMMARY Mudville Flats: 4 Units, 747 10th Avenue, San Diego CA 92101 Value GRM CAP Rate $3,000,000 Market Current Market 7.86 3.93% 7.18% $ / Square Foot (Approx.) Gross Sq. Ft. (Approx.) Parcel Size (Approx.

4 FINANCIAL SUMMARY Mudville Flats: 4 Units, th Avenue, San Diego CA Value GRM CAP Rate $3,000,000 Market Current Market % 7.18% $ / Square Foot (Approx.) Gross Sq. Ft. (Approx.) Parcel Size (Approx.) Yr. Built (+/-) $1, ,726 3, Income Detail # of Units Type Monthly Annual Operating Expenses (estimated) CURRENT INCOME EXPENSES CURRENT MARKET 3 Units $18,450 Taxes $33,600 $33,600 1 Occupied by Seller $0 Insurance $1,500 $2,500 Utilities $5,220 $5,220 * Seller currently lives out of 1 unit Parking $7,200 $7,200 Management 10% of gross $8,400 $38,160 Total Monthly Income $18,450 Misc & Repairs $3,200 $3,200 MARKET INCOME 4 Units* $24,600 * Currently ADR is $205/night Total Est Annual Expenses $59,120 $89,880 4 Units at Market ADR ** $30,000 Parking Income $1,800 ** Market ADR of $250/night Total Monthly Income $31,800 Annual Operating Proforma Financing Summary Current Market Gross Scheduled Income $221,400 $381,600 Down Payment $1,000,000 Less: Vacancy Factor 20% $44,280 $76,320 Gross Operating Income $177,120 $305,280 Less: Expenses $59,120 $89,880 Net Operating Income $118,000 $215,400 Proposed Financing $2,000,000 Interest Rate 4.25% Less: 1st TD Payments ($118,066) ($118,066) Amortized Over 30 Pre-Tax Cash Flow ($66) $97,334 Cash on Cash Return -0.01% 9.73% Principal Reduction $33,717 $33,717 Total return before tax shelter 3.37% 13.11%

5 Rare Downtown San Diego Four Room Boutique Hotel.

6 View the MUDVILLE FLATS 3D Showcase

8 PURE CLASS Enormous 600 SF rooms, featuring comfy California King beds, fully equipped kitchens, and spacious living areas. On-site amenities for all guests include beautiful redwood decks, a quiet tropical backyard, barbeque grill, board games, and access to bicycles.

9 FLOOR PLAN

101 West Broadway 401,000 SF Spreckles Building 110,400 SF Gensler Building 346,000 SF Broadway 18,304 SF Torbati Blvd 233,475 SF Former Library

St The Lofts at 777 103 Units 777 Front St 260 Units San Diego Police Headquarters The Lofts at 707 207 Units New School of Architecture G St The

184 Units J St Harbor Club 201 Units Legacy Partners 170 Units The Legend 178 Units K St Diamond View 305,255 SF Icon 325 Units Bubble Bee Tuna

Units 2 UCSD Cultural & Education Hub 15th Ave Park Blvd West 117 Units 14th Ave M2i 230 Units 13th Ave Strata 163 Units 11th Ave The Mark 233 Units

Planning 9th Ave 1 Nexus 76 Units 8th Ave Alta 176 Units The Lofts at 677 147 Units 7th Ave Steele Lofts 25,000 SF 6th Ave 5th Ave 4th Ave 235 on

10 101 West Broadway 401,000 SF Spreckles Building 110,400 SF Gensler Building 346,000 SF Broadway 18,304 SF Torbati Blvd 233,475 SF Former Library Celedon 250 U Pinnacle 623 Units E St Internal Revenue Service Rowhomes on F 17 Units 900 F St 115 Units Keating Hotel HORTON PLAZA F11 99 Units F St The Lofts at Units 777 Front St 260 Units San Diego Police Headquarters The Lofts at Units New School of Architecture G St The Renaissance 221 Units Island Ave Horton Grand Hotel Thomas Jefferson School of Law Park Lofts 120 Units Gaslamp Square 223 Units 320,000 SF Metrome 184 Units J St Harbor Club 201 Units Legacy Partners 170 Units The Legend 178 Units K St Diamond View 305,255 SF Icon 325 Units Bubble Bee Tuna 29,528 SF San Diego Central Library Park Terrace 233 Units rb Dr Pa rk B or lvd Ha Future Developments 1 Ritz Carlton & Whole Foods Park Units 2 UCSD Cultural & Education Hub 15th Ave Park Blvd West 117 Units 14th Ave M2i 230 Units 13th Ave Strata 163 Units 11th Ave The Mark 233 Units Park Blvd 2 Market St 10th Ave Cisterra 7th & Market 176 Rooms 205 Units Holland Partners Park & Market 427 Units 51k Office Bosa Development in Planning 9th Ave 1 Nexus 76 Units 8th Ave Alta 176 Units The Lofts at Units 7th Ave Steele Lofts 25,000 SF 6th Ave 5th Ave 4th Ave 235 on Market 57 Units Lions Manor 131 Units 3rd Ave Atria 149 Units 1st Ave Front St Union St Horizons 211 Units Market St Square 192 Units The Lofts 106 Units Horton House 151 Units

11 Built in 1905, this historic California Craftsman features modern amenities, luxurious rooms, and an A+ location. MUST SEE FINISHES Fully furnished with California Kings in each room, Persian rugs, and all new furniture, fixtures, and equipment. Elegant dark cherry wood floors and pillars, double paned windows, and brand-new HVAC units.

12 Tropical Backyard Oasis. RELAXATION Guests rave about the backyard with lush plants, and a relaxing fountain. It s the perfect spot to barbecue before the Padres game, sip wine or read a book.

Licensed as a Real Estate Salespersons by the CA Bur of Real Estate. The information contained herein has been obtained from sources we deem reliable.

13 Licensed as a Real Estate Salespersons by the CA Bur of Real Estate. The information contained herein has been obtained from sources we deem reliable. While we have no reason to doubt its accuracy, we do not guarantee it Voit Real Estate Services, Inc. All Rights Reserved. Real People. Real Solutions. is a registered trademark of Voit Real Estate Services. FOR MORE INFORMATION Ryan King // // rking@voitco.com // License # Jared Nelson // // jknellie@gmail.com // License #

STRATA 969 MARKET STREET BUILT-OUT CORNER RESTAURANT/MARKET OPPORTUNITY

STRATA 969 MARKET STREET BUILT-OUT CORNER RESTAURANT/MARKET OORTUNITY FOR LEASE 969 Street, San Diego, CA 92101 4,856 SF Built-out restaurant/market opportunity Corner space with outdoor patio Situated