4085 pacific highway amazonaws com
4085 PACIFIC HIGHWAY SAN DIEGO, CA 92110
FOR SALE SA $1 LE ,60 PR 0,0 ICE 00 :
±9,828 SF RETAIL STRIP CENTER FOR SALE | LOCATED DIRECTLY ON PACIFIC HWY Kipp Gstettenbauer, CCIM Senior Vice President 858.458.3345 [email protected] Lic. #01405420
Ryan King Vice President 858.458.3322 [email protected] Lic. #01885401
4085 PACIFIC HIGHWAY S AN DI EGO, C A 9 2 1 1 0
PROPERTY FEATURES Desirable ±9,828 SF retail strip center for sale
15 8
SUBJECT PROPERTY
±20,027 SF of land Potentially up to 2,948 SF available for a owner-user
Texas St
805
5
Ample on-site parking 163
Located directly on Pacific Highway
San Diego Zoo
San Diego International Airport
Across the street from SPAWAR and MCRD Minutes to Downtown & San Diego Airport
Balboa Park
Fern St
»» »» »» »» »» »» »» »» »»
University of San Diego
15
Ash St
94
Historically very high occupancy Extremely low basis for well located retail
»» Bldg Far: 0.95
Petco Park
805
North Island Naval Air Station
SALE PRICE: $1,600,000 ($162/SF)
5
*Seller is currently working on an environmental issue at the property. The owner of the property has assembled a package of documents, records, and reports relating to the property that it is prepared to share with a prospective purchaser for purposes of their due diligence review of the property. Please ask broker for details.
Kipp Gstettenbauer, CCIM, Senior Vice President 858.458.3345 | [email protected] | Lic. #01405420
Ryan King, Vice President 858.458.3322 | [email protected] | Lic. #01885401
4747 Executive Drive, Suite 800, San Diego, CA 92121 \ 858.453.0505 \ 858.408.3976 Fax \ Lic #01333376 \ www.voitco.com Licensed as a Real Estate Broker and Salesperson 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. ©2016 Voit Real Estate Services, Inc. All Rights Reserved. Real People. Real Solutions.® is a registered trademark of Voit Real Estate Services.
4085 PACIFIC HIGHWAY
SITE PLAN
S AN DI EGO, C A 9 2 1 1 0
JoJo Electro
Toddler’s Travels
Barber Shop Servpac, Inc.
Paschall Law
Suite 102 2,242 SF (Divisible) Bootstrap Kambucha
Zeeba Rent-A-Van
Kipp Gstettenbauer, CCIM, Senior Vice President 858.458.3345 | [email protected] | Lic. #01405420
Pacific Coast Alterations
Little Italy Pizzeria & Pasta
Ryan King, Vice President 858.458.3322 | [email protected] | Lic. #01885401
4747 Executive Drive, Suite 800, San Diego, CA 92121 \ 858.453.0505 \ 858.408.3976 Fax \ Lic #01333376 \ www.voitco.com Licensed as a Real Estate Broker and Salesperson 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. ©2016 Voit Real Estate Services, Inc. All Rights Reserved. Real People. Real Solutions.® is a registered trademark of Voit Real Estate Services.
Suite 101 706 SF
4085 PACIFIC HIGHWAY
RENT ROLL
S AN DI EGO, C A 9 2 1 1 0 Based on June 1, 2016 Tenant
Ste #
Sq. Foot
$/Sq. Ft.
Rent
Future Rent
CAM
Future CAM
Current Lease Type
Expiration
Options
Guaranty Notes
Toddler’s Travels
100
1,021
$1.18
$1,200.00
$1,200.00
$ -
$ -
MG
2/28/20
None
Yes
Vacant
101
706
$ -
$ -
$882.50
$ -
$483.56
NNN
Vacant
102
2,242
$-
$-
$2,802.50
$-
$1,535.61
Vacant
-
-
-
Mike Lorja
103
1,563
$1.17
$1,835.00
$1,835.00
$890.91
$1,070.54
NNN
11/30/34
(1) 10 Year
Yes
Aida Mina
104
1,284
$1.01
$1,300.00
$1,400.00
$-
$-
MG
3/31/17
(1) 3 Year
No
Zeeba Company, Inc.
105A
502
$1.25
$627.50
$627.50
$286.14
$343.83
NNN
7/14/16
None
Yes
Bootstrap Kambucha, LLC
105B
911
$1.50
$1,366.50
$1,138.75
$519.27
$623.97
NNN
12/14/20
(2) 5 Year
Yes
Paschall Law
106
144
$1.84
$265.00
$265.00
$ -
$ -
MG
2/28/18
(1) 2 Year
Yes
Teri Thompson
107
490
$ -
$ -
$612.50
$ -
$335.61
FREE
3/31/16
None
No
Tenant currently does not pay rent and will be vacant shortly
Barber Shop
108
273
$1.25
$341.25
$341.25
$-
$186.99
MG
3/31/16
(3) 1 Year
No
Fixed at $341.25 for 1st (2) years then goes to $350. Currently MG bump to NNN
JoJo Electro
109
557
$1.32
$735.00
$735.00
$-
$-
MG
2/14/19
(1) 3 Year
Yes
Stanford Raffles Realty
110
135
$1.28
$173.05
$183.05
$76.95
$92.47
NNN
5/14/18
(1) 1 Year
Yes
$7,843.30
$12,023.05
$1,773.27
$4,672.57
$94,119.60
$144,276.60
$21,279.24
$56,070.86
TOTALS
9,828
ANNUAL Vacancy
2,948
Percentage
70%
*Future CAM’s assumes that the two vacancies and tenant’s without Prop 13 in leases to be marked to market NNN’s ($0.68/SF) **Suite 107 currently not paying rent Kipp Gstettenbauer, CCIM, Senior Vice President 858.458.3345 | [email protected] | Lic. #01405420
Ryan King, Vice President 858.458.3322 | [email protected] | Lic. #01885401
4747 Executive Drive, Suite 800, San Diego, CA 92121 \ 858.453.0505 \ 858.408.3976 Fax \ Lic #01333376 \ www.voitco.com Licensed as a Real Estate Broker and Salesperson 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. ©2016 Voit Real Estate Services, Inc. All Rights Reserved. Real People. Real Solutions.® is a registered trademark of Voit Real Estate Services.
4085 PACIFIC HIGHWAY
OPERATING STATEMENT
S AN DI EGO, C A 9 2 1 1 0 Operating Expenses
Current
Future
Revenue
$115,398.84
$200,347.46
Est Expenses
$ (80,777.55)
$ (80,777.55)
NOI
$34,621.29
$199,569.91
Property Mgmt Fees
$12,000.00
Utilities
$4,915.19
Contract Services
$2,560.00
Repairs
$18,543.00
Office
$2,587.73
Trash Removal
$1,724.75
Insurance
$9,535.00
Reassessed Property Tax @ $1.6 M
$19,200.00
Supplies
$9,711.88
TOTAL OPEX
$80.777.55
T
S
a Price
$1,600,000
Future CAP Rate
7.5%
*Majority of tenants are either on short term leases or below market **Property expenses at conservative $0.68/SF
Kipp Gstettenbauer, CCIM, Senior Vice President 858.458.3345 | [email protected] | Lic. #01405420
Ryan King, Vice President 858.458.3322 | [email protected] | Lic. #01885401
4747 Executive Drive, Suite 800, San Diego, CA 92121 \ 858.453.0505 \ 858.408.3976 Fax \ Lic #01333376 \ www.voitco.com Licensed as a Real Estate Broker and Salesperson 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. ©2016 Voit Real Estate Services, Inc. All Rights Reserved. Real People. Real Solutions.® is a registered trademark of Voit Real Estate Services.
$0.68
4085 PACIFIC HIGHWAY
AERIAL
S AN DI EGO, C A 9 2 1 1 0 Sea World
8 Valley View Casino
T
S
a
SITE 163
Marine Corps Recruit Depot San Diego 5 San Diego International Airport
Kipp Gstettenbauer, CCIM, Senior Vice President 858.458.3345 | [email protected] | Lic. #01405420
Ryan King, Vice President 858.458.3322 | [email protected] | Lic. #01885401
4747 Executive Drive, Suite 800, San Diego, CA 92121 \ 858.453.0505 \ 858.408.3976 Fax \ Lic #01333376 \ www.voitco.com Licensed as a Real Estate Broker and Salesperson 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. ©2016 Voit Real Estate Services, Inc. All Rights Reserved. Real People. Real Solutions.® is a registered trademark of Voit Real Estate Services.
Balboa Park
FOR SALE SA $1 LE ,60 PR 0,0 ICE 00 :
±9,828 SF RETAIL STRIP CENTER FOR SALE | LOCATED DIRECTLY ON PACIFIC HWY Kipp Gstettenbauer, CCIM Senior Vice President 858.458.3345 [email protected] Lic. #01405420
Ryan King Vice President 858.458.3322 [email protected] Lic. #01885401
4085 PACIFIC HIGHWAY S AN DI EGO, C A 9 2 1 1 0
PROPERTY FEATURES Desirable ±9,828 SF retail strip center for sale
15 8
SUBJECT PROPERTY
±20,027 SF of land Potentially up to 2,948 SF available for a owner-user
Texas St
805
5
Ample on-site parking 163
Located directly on Pacific Highway
San Diego Zoo
San Diego International Airport
Across the street from SPAWAR and MCRD Minutes to Downtown & San Diego Airport
Balboa Park
Fern St
»» »» »» »» »» »» »» »» »»
University of San Diego
15
Ash St
94
Historically very high occupancy Extremely low basis for well located retail
»» Bldg Far: 0.95
Petco Park
805
North Island Naval Air Station
SALE PRICE: $1,600,000 ($162/SF)
5
*Seller is currently working on an environmental issue at the property. The owner of the property has assembled a package of documents, records, and reports relating to the property that it is prepared to share with a prospective purchaser for purposes of their due diligence review of the property. Please ask broker for details.
Kipp Gstettenbauer, CCIM, Senior Vice President 858.458.3345 | [email protected] | Lic. #01405420
Ryan King, Vice President 858.458.3322 | [email protected] | Lic. #01885401
4747 Executive Drive, Suite 800, San Diego, CA 92121 \ 858.453.0505 \ 858.408.3976 Fax \ Lic #01333376 \ www.voitco.com Licensed as a Real Estate Broker and Salesperson 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. ©2016 Voit Real Estate Services, Inc. All Rights Reserved. Real People. Real Solutions.® is a registered trademark of Voit Real Estate Services.
4085 PACIFIC HIGHWAY
SITE PLAN
S AN DI EGO, C A 9 2 1 1 0
JoJo Electro
Toddler’s Travels
Barber Shop Servpac, Inc.
Paschall Law
Suite 102 2,242 SF (Divisible) Bootstrap Kambucha
Zeeba Rent-A-Van
Kipp Gstettenbauer, CCIM, Senior Vice President 858.458.3345 | [email protected] | Lic. #01405420
Pacific Coast Alterations
Little Italy Pizzeria & Pasta
Ryan King, Vice President 858.458.3322 | [email protected] | Lic. #01885401
4747 Executive Drive, Suite 800, San Diego, CA 92121 \ 858.453.0505 \ 858.408.3976 Fax \ Lic #01333376 \ www.voitco.com Licensed as a Real Estate Broker and Salesperson 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. ©2016 Voit Real Estate Services, Inc. All Rights Reserved. Real People. Real Solutions.® is a registered trademark of Voit Real Estate Services.
Suite 101 706 SF
4085 PACIFIC HIGHWAY
RENT ROLL
S AN DI EGO, C A 9 2 1 1 0 Based on June 1, 2016 Tenant
Ste #
Sq. Foot
$/Sq. Ft.
Rent
Future Rent
CAM
Future CAM
Current Lease Type
Expiration
Options
Guaranty Notes
Toddler’s Travels
100
1,021
$1.18
$1,200.00
$1,200.00
$ -
$ -
MG
2/28/20
None
Yes
Vacant
101
706
$ -
$ -
$882.50
$ -
$483.56
NNN
Vacant
102
2,242
$-
$-
$2,802.50
$-
$1,535.61
Vacant
-
-
-
Mike Lorja
103
1,563
$1.17
$1,835.00
$1,835.00
$890.91
$1,070.54
NNN
11/30/34
(1) 10 Year
Yes
Aida Mina
104
1,284
$1.01
$1,300.00
$1,400.00
$-
$-
MG
3/31/17
(1) 3 Year
No
Zeeba Company, Inc.
105A
502
$1.25
$627.50
$627.50
$286.14
$343.83
NNN
7/14/16
None
Yes
Bootstrap Kambucha, LLC
105B
911
$1.50
$1,366.50
$1,138.75
$519.27
$623.97
NNN
12/14/20
(2) 5 Year
Yes
Paschall Law
106
144
$1.84
$265.00
$265.00
$ -
$ -
MG
2/28/18
(1) 2 Year
Yes
Teri Thompson
107
490
$ -
$ -
$612.50
$ -
$335.61
FREE
3/31/16
None
No
Tenant currently does not pay rent and will be vacant shortly
Barber Shop
108
273
$1.25
$341.25
$341.25
$-
$186.99
MG
3/31/16
(3) 1 Year
No
Fixed at $341.25 for 1st (2) years then goes to $350. Currently MG bump to NNN
JoJo Electro
109
557
$1.32
$735.00
$735.00
$-
$-
MG
2/14/19
(1) 3 Year
Yes
Stanford Raffles Realty
110
135
$1.28
$173.05
$183.05
$76.95
$92.47
NNN
5/14/18
(1) 1 Year
Yes
$7,843.30
$12,023.05
$1,773.27
$4,672.57
$94,119.60
$144,276.60
$21,279.24
$56,070.86
TOTALS
9,828
ANNUAL Vacancy
2,948
Percentage
70%
*Future CAM’s assumes that the two vacancies and tenant’s without Prop 13 in leases to be marked to market NNN’s ($0.68/SF) **Suite 107 currently not paying rent Kipp Gstettenbauer, CCIM, Senior Vice President 858.458.3345 | [email protected] | Lic. #01405420
Ryan King, Vice President 858.458.3322 | [email protected] | Lic. #01885401
4747 Executive Drive, Suite 800, San Diego, CA 92121 \ 858.453.0505 \ 858.408.3976 Fax \ Lic #01333376 \ www.voitco.com Licensed as a Real Estate Broker and Salesperson 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. ©2016 Voit Real Estate Services, Inc. All Rights Reserved. Real People. Real Solutions.® is a registered trademark of Voit Real Estate Services.
4085 PACIFIC HIGHWAY
OPERATING STATEMENT
S AN DI EGO, C A 9 2 1 1 0 Operating Expenses
Current
Future
Revenue
$115,398.84
$200,347.46
Est Expenses
$ (80,777.55)
$ (80,777.55)
NOI
$34,621.29
$199,569.91
Property Mgmt Fees
$12,000.00
Utilities
$4,915.19
Contract Services
$2,560.00
Repairs
$18,543.00
Office
$2,587.73
Trash Removal
$1,724.75
Insurance
$9,535.00
Reassessed Property Tax @ $1.6 M
$19,200.00
Supplies
$9,711.88
TOTAL OPEX
$80.777.55
T
S
a Price
$1,600,000
Future CAP Rate
7.5%
*Majority of tenants are either on short term leases or below market **Property expenses at conservative $0.68/SF
Kipp Gstettenbauer, CCIM, Senior Vice President 858.458.3345 | [email protected] | Lic. #01405420
Ryan King, Vice President 858.458.3322 | [email protected] | Lic. #01885401
4747 Executive Drive, Suite 800, San Diego, CA 92121 \ 858.453.0505 \ 858.408.3976 Fax \ Lic #01333376 \ www.voitco.com Licensed as a Real Estate Broker and Salesperson 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. ©2016 Voit Real Estate Services, Inc. All Rights Reserved. Real People. Real Solutions.® is a registered trademark of Voit Real Estate Services.
$0.68
4085 PACIFIC HIGHWAY
AERIAL
S AN DI EGO, C A 9 2 1 1 0 Sea World
8 Valley View Casino
T
S
a
SITE 163
Marine Corps Recruit Depot San Diego 5 San Diego International Airport
Kipp Gstettenbauer, CCIM, Senior Vice President 858.458.3345 | [email protected] | Lic. #01405420
Ryan King, Vice President 858.458.3322 | [email protected] | Lic. #01885401
4747 Executive Drive, Suite 800, San Diego, CA 92121 \ 858.453.0505 \ 858.408.3976 Fax \ Lic #01333376 \ www.voitco.com Licensed as a Real Estate Broker and Salesperson 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. ©2016 Voit Real Estate Services, Inc. All Rights Reserved. Real People. Real Solutions.® is a registered trademark of Voit Real Estate Services.
Balboa Park
