multi tenant mixed use for sale...multi tenant mixed use for sale 5644-48 la jolla lvd la jolla, a...
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930 Prospect St. La Jolla, CA 92037 cbcworldwide.com
PREPARED BY:
Coldwell Banker Commercial, NRT
Dan Ryan, Broker | Appraiser Jackie Helm, Broker Trent Wagenseller, CCIM
858-456-3291 858-354-6333 858-456-3208
[email protected] [email protected] [email protected]
CA License No. 01155365 CA License No. 00827526 CA License No. 01248422
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Multi Tenant Mixed Use For Sale 5644-48 La Jolla Blvd La Jolla, CA 92037
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PROPERTY SPECIFICATIONS
Property Type: Mixed - Use
Class: B
Building Size: 3,184 square feet (assessor)
Land: 4,273 square feet
Number of Stories: Two
Year Built/Renovated: unknown
Zoning: LJPD-4
PRICE
List Price: $2,295,000
MARKET HIGHLIGHTS
Bird Rock neighborhood business district. The desirable unit mix for stable income is comprised
of a total of 3,184 SF of building situated on a 4,273 SF parcel. Unit mix includes two street
front patio retail/office suites of 1140 SF and 1,090 SF and an exceptional 2bd 1ba residential
apartment that permits long or short term rental options. Additional rental income is realized
from a ATT long term communication facilities lease. Situated mid-block adjoining Bird Rock’s
newest retail buildout, this stretch of residential living and retail shops and services is now
considered one of the best live-work-walk corridors in Southern California. The property location
brings an attractive high visibility retail presence, with street front patio, generous window lines
and ample on-street parking. Alley access from the rear includes parking for three cars, and Bird
Rock’s only loading dock.
INVESTMENT HIGHTLIGHTS
Two ground floor retail / office, 2nd floor residential, and AT&T cell lease
Retail / office spaces are approximately 1,090 SF and 1,140 SF.
Residential unit is approximately 950 square feet
Off street parking for 2-3 cars
LOCATION HIGHLIGHTS
Located in the “Bird Rock” neighborhood of La Jolla
2 blocks to the Pacific Ocean
3 miles to Freeway 5 & 9 miles to Freeway 8
EXECUTIVE SUMMARY
THE PROPERTY
5644-48 La Jolla Blvd La Jolla, CA 92037
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PLAT MAP & ZONING MAP
PLAT & ZONING MAPS
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CONTACT INFORMATION
FOR MORE INFORMATION, PLEASE CONTACT:
TRENT WAGENSELLER, CCIM
COLDWELL BANKER COMMERCIAL, NRT
930 Prospect Street La Jolla, CA 92037 Phone: (858) 456-3208 Fax: (858) 454-0800 Mobile: (858) 336-0602 [email protected]
DAN RYAN
COLDWELL BANKER COMMERCIAL, NRT
930 Prospect Street La Jolla, CA 92037 Phone: (858) 456-3291 Fax: (858) 454-0800 Mobile: (858) 220-4632 [email protected]
JACKIE HELM
COLDWELL BANKER REALTY
930 Prospect Street La Jolla, CA 92037 Fax: (858) 454-0800 Mobile: (858) 354-6333 [email protected]
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CONFIDENTIALITY STATEMENT
CONFIDENTIALITY STATEMENT
This offering has been prepared solely for informational purposes. It is designed to assist a potential investor in determining whether it wishes to proceed with an in-depth investigation of the subject property. While the information contained herein is from sources deemed reliable, it has not been independently verified by the Coldwell Banker Commercial affiliate or by the Seller. The projections and pro forma budget contained herein represent best estimates on assumptions considered reasonable under the circumstances. No representations or warranties, expressed or implied, are made that actual results will conform to such projections. This document is provided subject to errors, omissions and changes in the information and is subject to modification or withdrawal. The contents herein are confidential and are not to be reproduced without the express written consent. Interested buyers should be aware that the Seller is selling the Property “AS IS” CONDITION WITH ALL FAULTS, WITHOUT REPRESENTATIONS OR WARRANTIES OF ANY KIND OR NATURE. Prior to and/or after contracting to purchase, as appropriate, buyer will be given a reasonable opportunity to inspect and investigate the Property and all improvements thereon, either independently or through agents of the buyer’s choosing. The Seller reserves the right to withdraw the Property being marketed at any time without notice, to reject all offers, and to accept any offer without regard to the relative price and terms of any other offer. Any offer to buy must be: (i) presented in the form of a non-binding letter of intent; (ii) incorporated in a formal written contract of purchase and sale to be prepared by the Seller and executed by both parties; and (iii) approved by Seller and such other parties who may have an interest in the Property. Neither the prospective buyer nor Seller shall be bound until execution of the contract of purchase and sale, which contract shall supersede prior discussions and writings and shall constitute the sole agreement of the parties. Prospective buyers shall be responsible for their costs and expenses of investigating the Property and all other expenses, professional or otherwise, incurred by them.
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