Park West Square

Agents

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