îïóò ôð w8#` jn#sg ` n 8 ; ôíìëï...1925 5 5,100 $254.90 5,465 sf 1 4.54% 4.54% 3487-95...

3487-95UNIVERSITY AVESAN DIEGO,

CA 92104

LISTED BY: Patsy Ma, MBA, CCIM, CRX, CLS President DRE# 00980137 [email protected] Francisco Williams, CCIM Vice President Investment Sales DRE #01979442 [email protected]

www.bpinternational.net Tel: 626-821-3448 Fax: 626-821-9099 650 W. Duarte Rd., #1088 Arcadia, CA 91007

TABLE OFCONTENTS

3487-95 University Ave San Diego, CA 92104

Executive Summary Property DetailsFinancial Analysis San Diego Overview

EXECUTIVE

SUMMARY


INVESTMENT SUMMARY

OFFERING INTRODUCTION

BP International, as an exclusive broker, is pleased to offer 3487-95 University Ave San Diego, CA 92104

PRICE: YEAR BUILT: TENANTS: RSF: PRICE/RSF: LOT SIZE: FLOORS: CAP RATE: MARKET CAP RATE:

$1,300,000 1925 5 5,100 $254.90 5,465 SF 1 4.54% 4.54%


INVESTMENT

HIGHLIGHTS

• Strong Tenancy: Property is fully occupied by long-tenuredtenants with good credit history andsignificant capital improvements. • Excellent Visibility: Prominent medium-sized signage for everytenant provides for excellent visibility. • Low Operating Expense: Annual total operating expenses are at lessthan 35% of the gross operating income. • Strategic Location: Located along University Avenue, a trafficcount of over 6,000 cars offers thepromising potential to commercialestablishments. • Increasing Population: Developments have been rolling up in theadjacent North Park and City Heights,resulting in a massive population growthand increasing demand. Since 2010, NorthPark alone has increased its population by3.2%, while City Heights has expanded by1.1%. • Diverse Business Environment: Property is conveniently surrounded by anassortment of business activities such asdining, arts, entertainment and shopping.Established businesses like Starbucks, CVSPharmacy, Walgreens, The UPS Store,Subway and Filberto’s lie in the immediatevicinity.

3487-95 University Ave San Diego, CA

PROPERTY LOCATION MAP3487-95 University Ave San Diego,

CA 92104

PROPERTY AERIAL3487-95 University Ave San Diego,

CA 92104

PROPERTY

DETAILS


SITE DETAILS3487-95 University Ave San Diego, CA 92104

LOCATION: YEAR BUILT: LAND AREA: ZONING: UTILITIES AND SERVICES: "VISIBILITY AND SIGNAGE:"

3487-95 University Ave San Diego, CA 92104 1925 5,465 SF Commercial All basics utilities are available, including electricity,telephone, water sewer and gas The Property boasts excellent visibility and signage with aprominent pylon sign fronting University Ave.

FINANCIAL

ANALYSIS


INCOME "Potential Rental Income (Scheduled\Adjusted):" "Effective Rental Income: Occupancy " Less Operating Expense: Net Operating Income:

ACTUAL

$84,264.00

$84,264.00

-$25,209.00

$59,055.00

PRO FORMA SUMMARY 3487-95 University Ave San Diego, CA 92104

Gross Scheduled Income Gross Operating Income Expenses Management Fees Insurance Utility - Water Taxes - Real Estate Total Operating Expense: Net Operating Income Expenses Per RSF

OPERATING EXPENSE

$84,264.00 $84,264.00 $25,208.94 $5,838.00 $1,858.00 $1,262.94 $16,250.00 $25,208.94 $59,055.06 $4.94

ANNUAL

ITEM Price Cap Rate: Price Per Foot: Leased: 5,100 sf Available: 0 Total SF:

ACTUAL $1,300,000 4.54% $254.90 100% 5,100

LEASE COMPS SUMMARY3487-95 University Ave San Diego, CA 92104

LEASE COMPS REPORTProperty Name - Address 3093-3095 El Cajon Blvd 2900-2998 North Park Way 3809-3813 Ray St 4152-4156 30th St 3363 EI Cajon Blvd

SF Leased 814 3,196 110 4,000 1,506

Floor 1st 1st 1st 1st 1st

Sign Date 3/19/2018 6/27/2017 6/24/2017 3/3/2017 1/24/2017

Type New New New New New

Rent $22.20/nnn $42.00/nnn $51.84/mg $42.00/nnn $30.00/nnn

SALES COMPS3487-95 University Ave San Diego, CA 92104

PROPERTY NAME /ADDRESS SALES DATE SALES PRICE PRICE/SF

BUILDINGBUILDING SIZE

2935 El Cajon Blvd San Diego, CA 92104

3433 University Ave San Diego, CA 92104

3824 Ray St San Diego, CA 92104

3231 University Ave San Diego, CA 92104

3001 El Cajon Blvd San Diego, CA 92104

July 2016 $4,801,720 $616 7,795 SF Oct. 2016 $5,696,808 $403 14,136 SF Dec. 2017 $4,081,935 $363 11,425 SF Jan. 2018 $2,800,000 $350 10,200 SF May 2018 $3,927,000 $385 8,000 SF

SAN DIEGO

OVERVIEW


SAN DIEGO OVERVIEW3487-95 University Ave San Diego, CA 92104

SAN DIEGO HIGHLIGHTS

DEMOGRAPHICS

ECONOMIC

QUALITY OF LIFE

Population Metro 3M+

3,211,252

Median Age 35.1

years old

% Population Age: 18-34

27.3 percent

% of Population Born Outside

of US 23.7 percent

Median Household

Income $61.4 thousand

Unemployment Rate 5.2

percent

Gross Domestic Product

$197.9 billion

Export Value $17.9 billion

Patents per 1,000 Workers

2.3 patents

Patents per 1,000 Workers

2.3 patents

% Population w/ Bachelor’s Degree or

Higher 34.6 percent

% Population w/ Advanced Degree

or Higher 13.4 percent

EDUCATION

% Population w/ Ph.D or Higher

1.9 percent

% College Grads w/Science or

Engineering Majors 39.9 percent

% of PopulationMultiLingual

English-Speaking Residents

21.8 percent

Per Capita Income

$49.7 thousand

Foreclosure Rate 1.92

per 10k homes

Median Home Price

$517.8 thousand

Mean Travel Time to Work

24.9 minutes

Sunshine Hours 3,055 hours

Source: CoStar


GEOGRAPHY

The County of San Diego is a combination ofcommunities, both urban and rural. San Diego County is65 miles wide from north to south and 86 miles wide fromeast to west, bordering the Mexico country line. Fromopulent beach front views, soaring mountains, to thedesert plains, San Diego County is a prime location inSouthern California.

METRO

The San Diego metropolitan area consists of 17 citieswith a population of 3.2 million people. Under LosAngeles, San Diego County is the 2nd most populatedcounty in California and the 5th most populous city inthe United States. From north to south, San DiegoCounty extends from the southern borders of OrangeCounty and Riverside County to the Mexico–UnitedStates border and Baja California. From west to east,San Diego County stretches from the Pacific Ocean to its boundary with Imperial County.

LARGEST CITIES, 2010 CENSUS

CITY POPULATION

San Diego Chula Vista Oceanside Escondido Carlsbad El Cajon Vista San Marcos Encinitas National City La Mesa

1,307,402 243,916 183,095 143,911 105,328 99,478 93,834 83,781 59,518 58,582 57,065


INFRASTRUCTURE

San Diego County is a centralizedhub for eight (8) airports, four (4)major freeways, rail, and The Port ofSan Diego. The county structure isdesigned in a multi-functionalcourse, making commutingaccessible from every direction. • Interstates 5,15, and 805 (north to south) • Interstate 8 (east to west) San Diego County conveniently offersa range of commuter trains such asthe North County Transit Directfeaturing the Coaster and Sprinteralong with commuter vehicles. Localpublic transportation such as theMTS Trolley is also available.

Located in the San Diego Bay, The Port of San Diego is utilized as an economicengine providing vitality andcommunity benefit through a balancedapproach to the maritime industry,tourism, water, and land recreation,environmental stewardship and publicsafety

Border Crossings to Mexico • San Ysidro Border Crossing • Otay Mesa Border Crossing • Tecate Border Crossing

Railroads • AMTRAK (Pacific Surfliner) • Metrolink • The Coaster • San Diego and Arizona Eastern Railway • San Diego and Imperial Valley Railroad

Light Rail and Local Transit • San Diego Trolley • San Diego Metropolitan Transit System • Sprinter • North County Transit District

The Port of San Diego • Embarcadero (San Diego)

Airports •Lindbergh Field (San Diego International Airport)(SAN) • Montgomery Field (MYF) • McClellan-Palomer Airport (CLD or CRQ) aka Palomar Airport or Carlsbad Airport • Gillespie Field (SEE) in El Cajon • Agua Caliente Airport

DEMOGRAPHIC3487-95 University Ave San Diego, CA 92104

PopulationCharacteristic Ages 0-4 Ages 5-9 Ages 10-14 Ages 15-19 Ages 20-24 Ages 25-29 Ages 30-34 Ages 35-39 Ages 40-44 Ages 45-49 Ages 50-54 Ages 55-59 Ages 60-64 Ages 65-69 Ages 70-74 Ages 75-79 Ages 80-84

1 Mile 4,209 4,654 3,797 3,492 3,739 4,078 4,404 4,792 5,019 4,797 4,189 3,387 2,514 1,690 1,007 529 260

3 Mile 17,034 18,525 15,232 13,931 15,128 17,128 19,494 22,160 23,487 22,639 19,861 16,422 12,732 9,277 6,378 4,225 2,613

5 Mile 37,985 42,078 35,472 33,131 36,743 41,368 45,128 48,143 49,115 47,472 42,284 35,847 28,616 21,609 15,902 11,479 7,956

Race Characteristic Non Hispanic White Population Black Population Am In/AK Nat

1 Mile 26,249 5,091 103

3 Mile 140,329 21,385 454

5 Mile 322,014 51,369 1,333

Household Income Median Household Income < $10000 $10000-$14999 $15000-$19999 $20000-$24999 $25000-$29999 $30000-$34999 $35000-$39999 $40000-$44999 $45000-$49999 $50000-$60000 $60000-$74000 $75000-$99999 $100000-$124999 $125000-$149999 $150000-$199999 >$200,000

1 Mile $40,326 2,071 2,032 1,503 1,920 1,445 1,341 1,378 1,513 1,091 1,857 2,026 2,266 1,201 550 329 261

3 Mile $47,191 7,950 7,891 6,561 6,748 5,912 6,116 6,204 6,086 4,761 9,252 10,693 12,768 6,767 3,773 3,108 3,133

5 Mile $49,064 15,990 16,001 13,202 13,424 12,292 11,753 11,693 11,419 10,232 19,163 20,837 27,009 15,499 8,418 8,085 7,323

Characteristic Housing Housing Units Occupied Housing Units Owner Occupied Housing Units Renter Occupied Housing Units Vacant Housing Units

1 Mile 24,999 23,507 4,881 18,626 1,492

3 Mile 119,532 111,881 33,860 78,021 7,651 Source: CoStar

Tel: 626-821-3448 Fax: 626-821-9099

650 W. Duarte Rd., #1088, Arcadia, CA 91007

EXCLUSIVELY

LISTED

Patsy Ma, MBA, CCIM, CRX, CLS DRE# 00980137 [email protected] Francisco Williams, CCIM DRE #01979442 [email protected]

îïóò ôð w8#` jn#sg ` n 8 ; ôíìëï...1925 5 5,100 $254.90 5,465 sf 1 4.54% 4.54% 3487-95...

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