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Park West Square

2121 5th Avenue, San Diego, CA 92101
Availability: Close of Escrow:5/15/2015 Size:13,555 SF
Shipping: Marcus & Millichap is pleased to present for sale, Park West Square, a newly remodeled modern office building in a high barrier to entry market.
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Description

Agents

BEN TASHAKORIAN | FIRST VICE PRESIDENT


Senior Director: Institutional Property Advisors (IPA)
License: CA 01333884
Dir: (858) 373-3176
Fax: (858) 373-3110
btashakorian@ipausa.com

NICK TOTAH | SENIOR ASSOCIATE

 
Associate Director: NOIPG
License: CA 01922255
Dir: (858) 373-3159
Cel: (619) 651-3412
nick.totah@marcusmillichap.com

Description

Marcus & Millichap is pleased to announce the sale of Park West Square, a newly remodeled modern office building in a high barrier to entry market. The offering is ideally located in the highly desirable Bankers Hill neighborhood at 2121 5th Ave in San Diego, California. This is a 13,555 square-foot, 11 tenant, two-story building. This opportunity offers a diversified professional tenant mix with long term leases, annual increases and personal guarantees.

The 100% leased Bankers Hill/Park West building offers spectacular window line views of Downtown San Diego, Balboa Park and Bankers Hill. The property is situated a stone’s throw away to the Historic Balboa Park as well as the Downtown Gaslamp District. Located on 5th and Hawthorne, Park West Square allows ease of access to the Interstate 5 and Highway-163, both major north and south arteries in San Diego County creating a major draw to the area. This flourishing market, Bankers Hill, “one of San Diego’s first high-end urban neighborhoods”- is entering a new era with luxury, and multifamily infill development.

Features

  • 100% Occupied - Multi-Tenant Building
  • Extremely Low 6.6% Office Vacancy Rate
  • 17 Parking Stalls
  • High-Barrier to Entry Market
  • Newly Remodeled Office Suites & Common Areas
  • Value-Add Opportunity provided with Long Term Ownership
  • Situated on a 5th Avenue Corner Lot Adjacent to Balboa Park

Agents

Ben Tashakorian | First Vice President


Senior Director: Institutional Property Advisors (IPA)
License: CA 01333884
Dir: (858) 373-3176
Fax: (858) 373-3110
btashakorian@ipausa.com

Nick Totah | Senior Associate


Associate Director: NOIPG
License: CA 01922255
Dir: (858) 373-3159
Cel: (619) 651-3412
nick.totah@marcusmillichap.com

  

Close of Escrow

7/14/2015

Building Size

18,595 SF

Property Type

Office

Parcel Size

0.23 AC

Year Built

1980

Occupancy

100%

Details

  • 22931917
  • Office
  • Close of Escrow:5/15/2015 Size:13,555 SF
  • New

Shipping Information

  • Item Requires Shipping
  • Marcus & Millichap is pleased to present for sale, Park West Square, a newly remodeled modern office building in a high barrier to entry market.

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