available for sale...arens group, inc. 1938 kellogg avenue, carlsbad, ca 92008 office 760-444-6230,...

Arens Group, Inc.1938 Kellogg Avenue, Carlsbad, CA 92008

Office 760-444-6230, Fax 760-444-6242

www.arensgroup.com

Scott B. ArensLic # 01159521

Cell 619-917-1119

[email protected]

Available For Sale161 W. San Ysidro Blvd,

San Diego, CA 92173

Multi-Unit Retail/Office Property

Fully Built-Out and Stabilized

Price: $1,120,000

Cap Rate: 6.5%

Price/SF: $295

Features

Features:

• Inside an Opportunity Zone

• Newer Construction, built 2015.

• Walking Distance to world’s busiest border crossing

• Quality Site Improvements

• Fully ADA Compliant

• Excellent Signage

• Ideal location for a Coffee Shop, Cell Phone Store,

Travel Agency, Money Exchange, Insurance company,

Financial Institution, Medical, Dental, Veterinarian,

Professional Offices, etc.

Asking Price $1,120,000

Size: 3,793 SF

Suites: 8

Lot Size: 7,000 SF

Parking 4 spaces and abundant street parking

Year Built 2015

APN 666-030-09

Zone SYIO-CSR-3

Permitted Uses: Extensive list of permitted uses* including but not limited to

Retail/Office/Medical/Service Related/Professional Services.

2

161 W. San Ysidro Blvd, San Diego, CA 92173

Income Projections

3


Actual Income AnalysisFirst Second Total

Suite Tenant Floor (SF) Floor (SF) (SF) Rent/SF/mo Rent/mo Rent/yr

A-101 The Music Studio 852 852 $2.10 $1,790 $21,480

B-101 Herbal Creations 417 417 $1.65 $688 $8,256

B-102 Shaddai Management LLC 408 408 $1.65 $673 $8,076

B-201 FNS, Inc. 336 336 $1.70 $571 $6,852

B-202 LPR Logistics, Inc. 236 236 $1.75 $413 $4,956

B-203 Luxe Line, Inc. 530 530 $1.55 $822 $9,864

C-101 Daniel's Barber Shop 548 655 $1.47 $960 $11,520

C-102 Denise Caro Brow Bar 300 359 $1.65 $592 $7,104

NNN Reimb.s $0.60 $2,276 $27,310

Gross Revenue 2,525 1,102 3,793 $8,785 $105,418 $105,418

Vacancy 2.0% $2,108

Effective Gross Income $103,309

Expenses Total/SF/mo Total/Mo Total/Year

Property Taxes $0.29 $1,116 $13,391

Fixed Charges $0.00 $2 $24

Insurance $0.03 $119 $1,428

Repair/Maintenance $0.05 $200 $2,400

Utilities Gas & Electric $0.09 $350 $4,200

Utilities: Water, Sewer $0.04 $150 $1,800

Utilities: Trash $0.02 $70 $840

Landscaping $0.03 $100 $1,200

Management 3.0% $0.07 $258 $3,099

Security $0.02 $370 $1,033

Accounting/Legal $0.02 $58 $696

Total Expenses $0.66 $2,793 $30,111 $30,111

Net Operating Income $73,198

Photos

4


5

Photos 161 W. San Ysidro Blvd, San Diego, CA 92173

Plat Map

6


Map

7


8

Opportunity Zone

8


Location

9


San Diego County

With its great weather, miles of sandy

beaches, and major attractions, San Diego is

a world class tourist destination with 34

million annual visitors and nearly $10 billion

in yearly revenue. It is also a hub for cutting-

edge businesses such as

telecommunications, biotechnology,

software, electronics, etc. The countywide

population is just over 3.1 million people

with an average household income in excess

of $91,000.

Location

• Great street visibility on heavily trafficked street with lots of pedestrians.

• Walking Distance to the busiest border crossing in Western hemisphere (U.S.-Mexico

Border at San Ysidro). Approximately 100 Million People and 25 Million Vehicles Cross

Border Annually.

• Very close to and with Easy Access to I-805 and I-5.

• Less Than 15 Miles From Downtown San Diego.

• Strategically situated immediately north of Tijuana, Mexico, and within the San Diego

Metropolitan Statistical Area.

Community of San Ysidro

10


San Ysidro

San Ysidro is a district in the city and

county of San Diego, California,

immediately north of the U.S.-Mexico

border. San Ysidro is home to the busiest

land border crossings in the Western

Hemisphere. This border location sees

over 25 million vehicles and 100 million

people annually.

San Ysidro Land Port of Entry Expansion Project

This fully-funded, $625 million project is a bi-

national effort between the United States and

Mexico governments which will renovate, expand

and modernize the current port of entry. These

efforts are based on the expanding use of this

border crossing which, according to the San Diego

Association of Governments (SANDAG) is

projected to increase by 87% by 2030. The third

and final phase of this project is scheduled to

begin in the Spring of 2019.

available for sale...arens group, inc. 1938 kellogg avenue, carlsbad, ca 92008 office 760-444-6230,...

Documents