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    3969 1st Avenue

    San Diego, CA 92103
    • $3,650,000
    • STATUS: Active
    • ON SITE: 20 days
    • ID#: 190054530
    UPDATED: 54 min ago
    $3,650,000
    • 0
      BEDS
    • 0.24
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1971
    County:

    School Ratings & Info

    Description

    Rare High-Profile Lease or Owner-User Opportunity in the Heart of Hillcrest! Well-established medical tenant occupies approximately 48% of the building and provides immediate income with no extra leasing expenses for an Owner/User. Planned improvements to the building facade and interiors will create a modern, trendy work environment with incredible branding opportunities for your company. Existing under market rent and low core factor present a rare opportunity for adding value. Incredible building top signage opportunity. Priced well below replacement cost. Direct elevator service to the 2nd floor. Hillcrest is one of the most dynamic neighborhoods in San Diego with an exceptional walkable amenity base and unmatched central centrality.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-23T18:30:14.833. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Alvarado Brothers | Ever Stewart Alvarado Broker. Licensed in the State of California, USA.

    www.thealvaradobrothers.com/homes/111538412
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    3969 1st Avenue San Diego, CA 92103

    • Price: $3,650,000
    • Status: Active
    • Updated: 54 min ago
    • ID#: 190054530
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.24
    Acres
    1971
    Built
    Neighborhood:
    92103 - Mission Hills
    County:
    San Diego
    Area:
    92103 - Mission Hills
    Property Description
    Rare High-Profile Lease or Owner-User Opportunity in the Heart of Hillcrest! Well-established medical tenant occupies approximately 48% of the building and provides immediate income with no extra leasing expenses for an Owner/User. Planned improvements to the building facade and interiors will create a modern, trendy work environment with incredible branding opportunities for your company. Existing under market rent and low core factor present a rare opportunity for adding value. Incredible building top signage opportunity. Priced well below replacement cost. Direct elevator service to the 2nd floor. Hillcrest is one of the most dynamic neighborhoods in San Diego with an exceptional walkable amenity base and unmatched central centrality.
    Exterior Features

    Lot Size Units Square Feet

    Property Features

    Country Us Gross Scheduled Income 80565.00 Net Operating Income 23038.00 Operating Expense 57527.66 Property Sub Type Industrial

    Listing provided courtesy of Michael Conger of Commercial Asset Advisors


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-23T18:30:14.833. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Alvarado Brothers | Ever Stewart Alvarado Broker. Licensed in the State of California, USA.

     
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