FOR SALE OR LEASE UNIVERSITY AVENUE LA MESA, CA RETAIL/SHOWROOM & WAREHOUSE

Transcription

1 7575 UNIVERSITY AVENUE LA MESA, CA FOR SALE OR LEASE RETAIL/SHOWROOM & WAREHOUSE Tommas Golia Associate Vice President (858) Lic Jason Vieira Sales & Leasing Associate (858) Lic Office (619) Santo Road, Suite 200 San Diego, CA Lic 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 should be verified prior to purchase or lease.

2 7575 UNIVERSITY AVENUE, LA MESA, CA I. PROPERTY OVERVIEW DESCRIPTION HIGHLIGHTS FLOOR PLAN OWN VS. LEASE ANALYSIS II. AREA OVERVIEW AMENITIES MAP AREA MAP DEMOGRAPHICS CITY OF LA MESA ZONING MAP III. SAN DIEGO COUNTY OVERVIEW STATISTICS INDUSTRIES MAP

3 PROPERTY OVERVIEW DESCRIPTION OFFERING PRICE LEASE RATE BUILDING AREA LAND AREA $2,565,000 $1.25/NNN ± 4,434 SF RETAIL/SHOWROOM ± 27,007 SF ± 7,781 SF WAREHOUSE/GARAGE ± 12,215 SF BUILDING AREA YEAR BUILT APN FLOOR DRAINS PARKING OVERSIZED - THROUGHOUT RETAIL/SHOWROOM 28 SURFACE SPACES 10 POTENTIAL GARAGE SPACES ABUNDANT STREET PARKING

4 PROPERTY OVERVIEW HIGHLIGHTS ZONE C: GENERAL COMMERCIAL ZONE D: DOWNTOWN COMMERCIAL ZONE MU: MIXED-USE (40 DU/AC) CLICK HERE FOR MORE INFORMATION FUNCTIONALITY +/- 22 WAREHOUSE CEILING HEIGHT +/- 12 SHOWROOM/RETAIL CEILING GRID 2 OVERSIZED GRADE LEVEL DOORS 400 AMPS, 240V 3 PHASE POWER NATURAL GAS SERVICE EASY FREEWAY ACCESS TO I-8, HWY 94 & HWY OF STREET FRONTAGE PROXIMITY TO SHARP GROSSMONT HOSPITAL MTS TROLLEY LA MESA BLVD STATION - 1 MILE RETAIL/SHOWROOM: HVAC WAREHOUSE: EVAPORATIVE COOLING INSULATED WAREHOUSE CEILING

5 PROPERTY OVERVIEW FLOOR PLAN Retail/Showroom Drain OFC OFC Grade Loading Warehouse Grade Loading Mezzanine/Garage Surface Parking 28 Spaces

6 PROPERTY OVERVIEW OWN VS. LEASE ANALYSIS Purchase Assumptions (SBA Financing) Lease Assumptions Square feet 12,215 Square feet 12,215 Purchase Price $2,565,000 Lease Rate (NNN) $1.25 Start-up Costs Start-up Costs 10% Down Payment $256,500 Prepaid Rent/Security Deposit $36,462 Improvements $0 Improvements $0 $256,500 $36,462 Monthly Costs Per sq ft Monthly Costs Per sq ft Mortgage payment $1.13 $13,766 Lease Payment $1.25 $15,269 Operating Exp/CAM $0.05 $611 Operating Exp/CAM $0.05 $611 Property Taxes $0.19 $2,351 Property Taxes $0.19 $2,351 Total Monthly Costs $16,728 Total Monthly Costs $18,231 Monthly Ownership Benefits (Estimated) Tax Benefits OWN Monthly Lease Benefits (Estimated) Tax Benefits LEASE Mortgage int. deduction (5yr avg) $3,792 Mortgage int. deduction n/a Operating Exp/CAM deduction $244 Operating Exp/CAM Deduction $244 Property Tax deduction $941 Property tax deduction $941 Depreciation deduction $1,754 Lease deduction $6,108 Other Benefits Other Benefits Rental Income $0 Rental Income n/a Average Appreciation 2.0% $4,275 Average Appreciation n/a Total Ownership Benefits $11,006 Total Lease Benefits $7,292 EFFECTIVE MONTHY COST: $5,722 EFFECTIVE MONTHLY COST: $10,938 ADDITIONAL BENEFITS OF OWNERSHIP Annual Effective Cost Difference $62,592 Annual Principal Paydown $51,431 Annual Wealth Creation $114,023 And never another rent increase! *Terms subject to change. Do not rely on the assumptions used in this analysis: please consult your financial advisor; approval subject to credit qualifications/not a commitment to lend

7 AMENITIES Lake Murray Reservoir 3 MILE Grossmont High School 1.5 Miles Grossmont Center La Mesa Square 1 MILE Helix High School Market Place at the Grove Shopping Center 6050 Santo Rd., Suite 200, San Diego, CA Tel

8 E La Mesa Square Grossmont Center AREA MAP

9 DEMOGRAPHICS QUICK STATS LA MESA 5 MILE RADIUS (2018) WORLD CLASS BREWERIES AND TASTING ROOMS TRAFFIC COUNTS CROSS-STREETS University Dale Street VOLUME 22,700 VPD 129,300 DAYTIME POPULATION 5 MILES TO SAN DIEGO STATE UNIVERSITY LAKE MURRAY RESERVOIR 3 MILES DEMOGRAPHICS STATISTICS 1 Miles 3 Miles 5 Miles Population (2018) 23, , ,763 Population (2023) 24, , ,820 Avg. Household Income $62,966 $80,442 $79,557 Avg. Age Projected Households (2023) 10,240 73, ,611 $4,811,630 CONSUMER SPENDING 177,486 TOTAL HOUSEHOLDS

10 CITY OF LA MESA ZONING MAP PLANNED LAND USE LEGEND

11 SAN DIEGO COUNTY OVERVIEW COUNTY STATISTICS San Diego County s idyllic climate, 70 miles of pristine beaches, an exceptional array of world-class attractions combined with a dynamic economy makes the region one of the most appealing locations to live, work and visit in the United States. San Diego is the second largest city in California, and eight largest in the United States, with a citywide population of 3.3 million residents spreading through 18 cities. Framed by the Pacific Ocean to the West, mountains and deserts to the east, Camp Pendleton and Riverside County to the north and the U.S/Mexico border to the south, totaling 4,526 square miles. San Diego s economic output accounts for more than 9.0% of California s Gross State Product (GSP) and 1.2% of the national Gross Domestic Product. 3,337,685 POPULATION 1,103,128 HOUSEHOLDS $507,200 AVG. HOME VALUE $63,996 MED. HOUSEHOLD INCOME 2.85 AVG. HOUSEHOLD SIZE 34.9 MEDIAN AGE 2.22% RECENT JOB GROWTH 39.34% FUTURE JOB GROWTH 5.10% UNEMPLOYMENT RATE * SOURCE U.S CENSUS BUREAU

12 SAN DIEGO COUNTY OVERVIEW COUNTY INDUSTRIES Tourism More than 35 million people visit San Diego each year who spend nearly $10.4 billion. With consistently desirable weather all year-round, 70 miles of coastline, ample amounts of family attractions, hiking, biking trails, as well as 90 golf courses and a large convention center, it is no surprise San Diego is ranked in the top 10 business and leisure destinations around the Country. Tourism employs more than 183,000 people in a variety of positions, as it ranks number three in San Diego s traded economies. 50% of San Diego s regional economy amounts from their local economy, this includes retailers, restaurants, professional and business service providers, and state-of-the-art healthcare. San Diego is consistently recognized as the Craft Beer Capital of America with more than 130 brewhouses, and ranked #2 best beer cities in America. Innovation San Diego is recognized as one of the leading high-tech hubs in the U.S, with the most diverse high-tech sector in the nation and voted best place in America to launch a startup by Forbes magazine. With valuable innovations and technology, the city is anchored by established life science, communications, cleantech and software industries. San Diego has six universities, and more than 80 research institutes receive around $1.8 billion in annual federal and philanthropic funding to conduct ground breaking technological and medical research. There are over 63,000 professional in science and engineering jobs, while 40% of degree holders have their first degree in a STEM field. From , there was a 23.4% increase in millennial degree holders. Military San Diego has the largest concentration of military in the world. The defense cluster plays a critical role in the region s innovation, economy, and National security. An estimated $23.3 billion in direct spending related to defense has been spent to San Diego County during fiscal year San Diego contains the highest number of active duty military, and numerous jobs are supported across all occupational types, representing one out of every five jobs in the region. The network of Sailors, Marines, members of the Reserves, civilian employees, aerospace firms, shipbuilders, electronics companies, software developers, researchers, and the various supply chains in San Diego represent a vital military ecosystem unparalleled anywhere else in the world.

13 SAN DIEGO COUNTY OVERVIEW COUNTY MAP TOURIST ATTRACTIONS DOWNTOWN 1 LEGOLAND California 2 Del Mar Fairgrounds 3 Torrey Pines State National Reserve 1 4 La Jolla Cove 5 SDCCU Stadium 6 Belmont Park 7 University of San Diego 8 SeaWorld San Diego 2 UNIVERSITY OF SAN DIEGO 9 Balboa Park 10 San Diego Zoo 11 USS Midway Museum 12 Cabrillo National Monument Pacific Ocean 3 13 Petco Park 4 14 U.S/Mexico Border DRIVE-TIMES DEL MAR FAIRGROUNDS Location Time Downtown San Diego 14 Min San Diego International Airport 18 Min US-Mexico Border 24 Min Los Angeles, CA 2 Hours Las Vegas, NV 5 Hours Phoenix, AZ 5 Hours Sacramento, CA San Francisco, CA 7.5 Hours 7.5 Hours 14

14 7575 UNIVERSITY AVENUE LA MESA, CA TOMMAS GOLIA Associate Vice President (858) Lic JASON VIEIRA Sales & Leasing Associate (858) Lic Office Santo Rd, Suite 200 San Diego, CA Lic 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.