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Rosecrans Shopping Center

3555 Rosecrans Street
San Diego, CA 92110
Availability: Price:$15,000,000 Close of Escrow:April 12, 2016
Shipping: Marcus & Millichap is pleased to present this rare opportunity to purchase Rosecrans Center, a fee-simple community shopping center located in San Diego, CA.
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Description

Agents

BEN TASHAKORIAN | SENIOR MANAGING DIRECTOR


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

Description

Marcus & Millichap is pleased to present this rare opportunity to purchase Rosecrans Center, a fee-simple community shopping center located in San Diego, CA. The offering features a unique mix of retailers. This strategic location is less than a mile away from Valley View Casino Center and is next to numerous national retailers including: Home Depot, Target, Ross, In-N-Out, TJ Maxx, CVS, Home Goods, Michael’s, Dick’s Sporting Goods, and many more. The subject property features monument signage and excellent exposure and visibility to the signalized intersection of Rosecrans Street and Midway Drive, with combined traffic counts in excess of 90,123 vehicles per day.

Features

  • Rare Infill Community Shopping Center in Central San Diego
  • Irreplaceable Location - 2.27 Acre Signalized Hard Corner with Exposure to Over 90K Vehicles Per Day
  • Significant Upside Potential - Current Rents are Below Market with Tremendous Leasing and Management Upside
  • Dominant Retail Corridor - Next to Numerous National Retailers Including: Home Depot, Target, Ross, In-N-Out, TJ Maxx, CVS, HomeGoods, Michael’s, Dick’s Sporting Goods and many more
  • Micron has Recently Expanded and Invested Substantial Capital Improvements Including Hardware on the Roof
  • Recently Renovated - Recent Upgrades Including New Monument Signage, Parking Lot Resurface, Painting, Wood Facade and Cell Towers
  • Strong Demographics - 374,948+ Population within a 5-Mile Radius
  • San Diego is Amongst the Strongest Retail Markets in the US with Average Vacancy Below 4%

Sales Price

$15,000,000

RBA

43,108 SF

Price Per SF

$348

Occupancy

81%

CAP Rate

6.12%

Close of Escrow

April 12, 2017

Details

  • 22932243
  • Office
  • Price:$15,000,000 Close of Escrow:April 12, 2016
  • New

Shipping Information

  • Item Requires Shipping
  • Marcus & Millichap is pleased to present this rare opportunity to purchase Rosecrans Center, a fee-simple community shopping center located in San Diego, CA.

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