3242 Adams Avenue
San Diego, CA 92116

Description

Fully leased two unit retail/office building on trendy Adams Avenue in Normal Heights. Adams Ave is a village area in San Diego with coffee shops, Breweries, Bars & classy restaurants. A new high-end three story mixed use building is almost finished across Bancroft Street on Adams. Subject building was completely remodeled to perfection in 2014. Beautiful redwood wanes coating, glass office windows, 10 foot open beam ceilings. Two new air conditioner / heater units on the roof. New roof in 2014. Great landscaping. Tenants pay all utilities and maintenance. Owner pays for major repairs & property taxes. 3242 is on a five year lease expiring in April of 2022. 3246 is on a three year lease expiring in June of 2020. Both tenants would love to stay and extend their lease. There is no off street parking Both leases have built in cost of living increases each year. So far the increases have been about 2% Cooling: Central Forced Air Elec,Central Forced Air Gas

Details

MLS#190004667
StyleIndustrial
Sub-TypeLease
StatusActive
Days On Site40

Features

Story(s)0
Units2

Market Activity 92116

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Area Information

StateCA
CountySan Diego
CitySan Diego
Zip Code92116
Listing VS Median (in 92116)
Price:
$719,900
low | high
Med:
$749,725
45.857063481039% of Average
On Site:
40
low | high
Med:
22.5
100% of Average
Listing Updated: 04/20/2019
MLS Number: 190004667
Listing Provided By:
David Lewallen  of  Urbana Realty
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