FOR SALE. MIXED-USE - Retail/Office 2790 LYTTON STREET SAN DIEGO, CA VALUE-ADD INVESTMENT or OWNER-USER OPPORTUNITY SALE PRICE: $2,250,000

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Madlyn White
6 years ago
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sources we deem reliable, we have no reason to doubt its accuracy, but we do not guarantee

1 SALE PRICE: $2,250,000 ADJACENT VALUE-ADD INVESTMENT or OWNER-USER OPPORTUNITY The information contained herein has been given to us by the owner of the property or other sources we deem reliable, we have no reason to doubt its accuracy, but we do not guarantee it. All information including zoning and use should be verified prior to purchase or lease. Lic

2 FIRST FLOOR - Ground Floor Retail PROPERTY FEATURES SECOND FLOOR - Creative Offices (Purring Parrot Expires 2/28/18) Approx. 13,428 SF Two-Story Retail/Office Building Significant Rental Upside Potential Zoned CN-1-2 (Click for Details) Ability to Occupy 51% with SBA Financing Potential for Second Floor Multifamily Development Irreplaceable Location - Adjacent to Liberty Station and within Close Walking Distance to Endless Retail, Restaurants and Entertainment - Walking Score: 84 HVAC Units and Windows Less than 5-years Old Military Grade Building with Great Bones Tenants Include: Liberty Barbershop (First Floor), Purring Parrot Pet Resort, and Wanderlist (Second Floor) Easy Access to Interstate 5 and Interstate 8 SALE PRICE: $2,250,000 (Floor plans are not to scale; for reference purposes only)

3 RENTAL COMPS Lytton Street # of Comps Within Last 3-Years Type of Rent Asking Rate Office 193 Yes Gross $2.59/SF Retail 112 Yes NNN $2.48/SF Multi-Family # of Properties # of Units Radius Asking Rents Occupancy Average Unit Size 1-Bed Average Size 1-Bed Average Asking Rent CURRENT RENT ROLL 713 2, Miles $2.12/SF 95.70$ 786 SF 653 SF $2.26/SF Suite Square Footage Status Rent Price Per S.f. Rent Type Current Expenses Annual 101 1,086 Occupied $1, $1.29 Gross Exp. 12/31/2020 Taxes, Insurance, and Licenses $19, ,305 Vacant $0.00 $0.00 n/a Maintenance $15, ,374 Vacant $0.00 $0.00 n/a Utilities $8, Vacant $0.00 $0.00 n/a Management $3, ,756 Occupied $4, $1.20 Gross + Util. Exp. +/- 7/1/2019 $46, Vacant $0.00 $0.00 n/a Monthly Current Nets $ ,374 Occupied $3, $1.52 Gross RSF 12,963 Current Monthly Gross Income $9, Exp. 2/28/2018 x12 Annually $113, Less Annual Expenses -$46, Annual Utility Reimbursements $2, Current Annual Net Income $70, PROFORMA Suite Square Footage Status Rent Price Per S.f. Rent Type Estimated Proforma Expenses Annual Based on a $2,250, ,086 Occupied $1, $1.29 Gross Exp. 12/31/2020 Taxes, Insurance, and Licenses $26, purchase price 102 2,305 Occupied $3, $1.65 NNN Maintenance $23, ,374 Occupied $3, $1.65 NNN Utilities $20, Occupied $ $1.45 Gross Management $7, ,756 Occupied $4, $1.20 Gross + Util. Exp. +/- 7/1/2017 $76, Occupied $1, $1.57 Gross Monthly Estimated Nets $ ,374 Occupied $4, $1.68 Gross Exp. 2/28/2018 RSF 12,963 Proforma Monthly Total Income $19, $1.50 Avg. (Gross Rent) Square Footage 8,284 Proforma Monthly Gross Rent $11, (Net Rent) Square Footage 4,679 Proforma Monthly Net Rent $7, Annual Gross Rent $138, Annual Net Rent $92, NNN Passthrough of $27, Less Annual (Gross Rent) Expenses -$48, Proforma Annual Net Income $182, COSTAR DATA

4 Formerly the Naval Training Center, the 361 acre site, known today as Liberty Station, was built in Colonial Revival style and has been repurposed as San Diego s Town Square. This timeless district is an epicenter for commerce, history, art and entertainment SUBJECT ROSECRANS STREET 43,255 ADT LYTTON STREET 19,532 ADT

5 SUITE 201

LOMA STARR POINT LOMA

San Diego, CA 92110 s For Lease Keith Herbert kherbert@mckeecompany.com 619-642-2711 xt. 205 Lic No. 01892190 LOMA STARR POINT LOMA 18,900 Square Foot Building Centrally Located in the Heart of Point Loma