Embed Size (px)
Citation preview
787 J Street • San Diego, CA, 92122 • 619.280.2600 • www.flockeavoyer.com • *Disclaimers
R E TA I L /O F F I C E CO N D O M I N I U M S F O R S A L E
P I N N A C L E M U S E U M T O W E R
215 WEST MARKET STREETDOWNTOWN SAN DIEGO
T H E O P P O R T U N I T Y
O F F E R I N G O V E R V I E W
PINNACLE MUSEUM TOWER
The Urban Strategies Group of Flocke & Avoyer Commercial Real Estate, as Exclusive Listing Agent, is pleased to present the opportunity to purchase two (2) commercial condominiums at 215 West Broadway, located in Downtown San Diego, CA 92101.
Currently owned by Pinnacle International, this rare owner-user or investment opportunity includes 6 parking spaces with the ability to purchase additional spaces. The fully built-out premise is located in Downtown San Diego’s pristine Marina District.
The Marina District is home to some of downtown’s largest tourist magnets, including the Convention Center, Seaport Village & the USS Midway, and has the highest household income of Downtown.
This opportunity includes over ±5,000 sf of retail space split between two floors located at the base of Pinnacle Museum Tower with over 179 luxury condo units.
PRICE Please contact broker
ADDRESS 215 West Market Street, San Diego CA 92101
SQUARE FOOTAGE ±5,040 SF
APN 535-042-08-01
ZONING MPD- MARINA
PARKING 6 parking spaces (2 tandem spaces)
O P P O R T U N I T Y H I G H L I G H T S
F O R M O R E I N F O R M AT I O N
MICHAEL [email protected] ID: 01763327
SEAPORT VILLAGE4M
ANNUAL VISITORS CONVENTION CENTER862,408
ANNUAL ATTENDANCE
CHILDREN’S PARK
REDEVELOPMENTMARRIOTT HOTEL
MANCHESTER GRAND HYATT
THE CAMPUS AT HORTON
NEW OFFICE DEVELOPMENT
MANCHESTER PACIFIC GATEWAY
NEW DEVELOPMENT 1.1M SF OF OFFICE,
1,335 HOTEL ROOMS
SAN DIEGO INTERNATIONAL
AIRPORT20.6M
ANNUAL AIR PASSENGERS
BALBOA PARK & SAN DIEGO ZOO
12-14MANNUAL VISITORS
USS MIDWAY1.4M
ANNUAL VISITORS
PASQUALE [email protected] ID: 01488187
ALEX [email protected] ID: 01988954
URBAN STRATEGIES GROUPFLOCKE & AVOYER COMMERCIAL REAL ESTATE
Pinn
acle
Mus
eum
Tow
er
• Rare opportunity to purchase over 5,000 SF of fully-built out corner commercial space in the Marina District
• Property includes 2 retail parking spaces and 4 employee spaces (2 tandem spaces), with an opportunity to purchase additional spaces
• Great owner-user opportunity in a mixed-use building
• At the base of Pinnacle Museum Tower with 179 luxury condo units
• Adjacent to the New Children’s Museum with almost 200,000 visitors annually and one block from the newly planned children’s park
• Co-tenants include Richard Walker’s Pancake House, Rate Rabbit & Alexander Salazar Fine Art
• Surrounded by nearly 4,000 high profile urban homes
• Close proximity to the Waterfront, Gaslamp Quarter and Little Italy
• Three blocks from the Convention Center and trolley stations
• Three blocks from the new Horton Plaza office redevelopment, The Campus at Horton, and the Paladion office redevelopment
• Walking distance to Seaport Village with over 4 million annual visitors.
GASLAMP QUARTER
10MANNUAL VISITORS
*This site plan is not a representation, warranty or guarantee as to size, location, or identity of any tenant, and the improvements are subject to such changes, additions, and deletions as the architect, landlord, or any governmental agency may direct.
S I T E P L A N
R E C E N T CO M M E R C I A L S A L E S AT P I N N A C L E M US E U M
M A R K E T S T R E E T F R O N TA G E**Lease expires in 2019
Nail Salon
FOR SALE ±5,040 SF BUILT-OUT SPACE + 6 PARKING SPACES
First Floor: ±2,569 SF• ±1,684 SF | Corner Space: Vacant• ±885 SF | Inline: Currently occupied by Rate Rabbit**
Second Floor: ±2,471 SF• Currently occupied by Rate Rabbit**
FOR SALE±5,040 SF
ADDRESS SQUARE FOOTAGE PRICE PRICE/SF SALE DATE BUYER CONDITION OF PREMISE
235 W. Market St. 1,995 $1,030,000 $516.29 11/13/2015 Steven L. Ortiz Cold Shell
275 W. Market St. 3,459 $1,645,000 $475.57 12/16/2014 George R. Kindley Cold Shell
550 Front St. 1,100 $1,000,000 $909.09 1/10/2006 Richard Walker Cold Shell
550 Front St. 800 $850,000 $1,062.50 12/28/2005 Jehmannn & Chwi Young Lee Cold Shell
2 N D F L O O R I N T E R I O R *All information regarding this property is deemed to be reliable, however, no representation, guarantee or warranty is made to the accuracy thereof and is submitted subject to errors, omissions, change of price rental, or withdrawal without notice.
The Lofts at 777
106 units
P
U.S. Internal Revenue Service
Lions Manor131 Units
6th & G
72,500 SF
AC Hotel145 rooms
First Allied Plaza
396,405 SF
501 West Broadway394,359 SF
Federal Office Bldg.
895,249 SF
Electra by Bosa248 Units
Columbia Tower
150 Units
Marina Park
224 UnitsHaborview
387 Units
600 Front Street Apts.
180 Units
Columbia Place
103 Units
Park PlaceCondos178 Units
USS Midway Museum
1.4 MAnnual Visitors
Park Row222 Units
PantojaPark
The Watermark
96 Units
The Capri Hotel
97 Rooms
Hotels
Notable OfficeBuildings
Multi-Family Residential / Mixed Use
School / Non-Profit/ Government
Under Construction / In Planning
343 4th Ave
9,201 SF
CityFront Terrace 320 Units
Legacy Apts.
168 Units
Seaport Village1,700 Rooms Seaport Village
144,987 SF
Manchester Grand Hyatt
1,628 Rooms
Marriott Hotel 1,360 Rooms
Granger Bldg.
51,900 SF
Hard Rock Hotel250
Rooms
Moxy Hotel
126 rooms
P
P
MPG Convention Center
Hotel 1,100 rooms
MPG U.S. Navy
Headquarters373,000 SF
MPGOffice 3197,000
SF
MPGOffice 4
214,500 SF
777 Front Street162,000
SF
A E R I A L US E M A P
D O W N T O W N D E V E LO P M E N T
C U R R E N T LY U N D E R CO N S T R U C T I O N T H E R E A R E :
± 4 , 3 9 0 A PA R T M E N T U N I T S
± 1 . 6 3 M S Q U A R E F E E T
O F O F F I C E S PA C E
± 3 , 9 2 0H O T E L R O O M S
± 5 1 5 , 8 5 0 S Q U A R E F E E T O F
R E TA I L S PA C E
Downtown San Diego is a thriving city center situated along the pacific ocean and bordered by interstate 5. Home to 37,000 residents and 81,000 employees, downtown is constantly growing as cranes fill the skyline developing numerous new highrises for people to live and work in. By 2050 the population is expected to have
grown by 108%, while the number of employees is projected to increase by 48%.
The Campus at Horton
Broadway Pier
MPG Tower 1467,000
SF
MPG Tower 1
235 rooms
BosaPacific Gate
216 Units
Embassy Suites
337 Rooms 448 W Market St. 24,872 SF
Federal Courthouse467,000 SF
US Bankruptcy
Court
City Walk
109 Units
TheRenaissance
221 Units
Meridian172 Units
TheWestin
Gaslamp450 Rooms
101 West Broadway
404,510 SF
SpreckelsBuilding
145,364 SFHorton Plaza Park
GenslerBuilding351,409 SF
Torbati Building223,000
SF
Andaz Hotel
159 rooms
Ramada Inn
99 rooms
ComfortInn
103 rooms
The Lofts at
655106 units
Keating Hotel35 rooms
Horton 4th Ave.
Apts66 Units
Horton House151 units
Market StreetSquare192 Units
Alta176 Units
Steele Lofts
25,000 SF517 4th
Ave 16,066 SF
Greystone Apts
37 Units
Cornerstone Lofts Apts
46 Units
Pacific Terrace
Apts57 Units
Gaslamp City
Square223 Units
The Pendry317 Rooms
Courtyard Marriott90 Rooms
Hotel Solamar
235 Rooms
San Diego
Marriott Gaslamp306 Rooms
Residence Inn240
RoomsCrown Bay Apts
86 Units
200 Harbor Dr. Apartments
201 Units
J St. Inn50 Rooms
CCBA Senior Garden45 Units
502 3rd Ave 5,000 SF
Island Inn Studios200 Units
Atria on
Market 149 Units
ChildrensPark
Horizons Apt.
212 Units
The Pinnacle
Tower 179 Units
Hilton Gaslamp286 Rooms
Omni San Diego
511 Rooms
LITTLE ITALY
COLUMBIA
CORTEZ HILL
BROADWAY
EAST VILLAGE
CIVIC/FINANCIALCORE
GASLAMPQUARTER
MARINA
Located one block from Pinnacle Museum Tower is the Children’s Park, which has redevelopment plans to include:
• Over 8,000 SF of play and picnic area• A 10,000 SF open space turf• An off-leash dog park• An adult fitness area with outdoor exercise equipment• An elevated water walkway extending into the Civic
Pond, which will allow pedestrians to feel like they are walking through the pond on a bridge
• A 1,000 SF vendor building, which will also include storage for the park and restrooms.
Fronting Pinnacle Museum Tower, The New Children’s Museum is home to a dynamic space for children to explore and interact with various art installations.
The museum sees over 200,000 visitors annually, who come to see and experience the new and revolving installations.
Schmidt Design Group, inc.www.schmidtdesign.com
Children’s Park San Diego, CA
July 20, 2017
GENERAL DEVELOPMENT PLAN
S A N D I E G O C O N V E N T I O N C E N T E R
• ±2,600,000 SF• 158 annual events held• ±824,276 individual attendees• ±$712M direct attendee spending• Largest event: Comic-Con
International (130,000 attendees)
PROPOSED PHASE 3 EXPANSION• ±220,150 SF of exhabit hall space• ±101,500 SF of meeting room space• ±78,470 SF of ballroom space• A five-acre rooftop park/plaza• ±45,000 SF of visitor-serving retail space• ±500-room expansion of the Hilton San Diego Bayfront Hotel
T H E N E W C H I L D R E N ’ S M US E U M
C H I L D R E N ’ S PA R K
A R E A T E N A N T S
PINNACLE MUSEUM TOWER
D O W N T O W N Q U I C K FA C T S
S A N D I E G O Q U I C K FA C T S
3.3M SAN DIEGO COUNTY POPULATION
34.9M ANNUAL VISITORS TO SAN DIEGO
$10.4B ANNUAL VISITOR SPENDING
40M ANNUAL TROLLEY PASSENGERS
41%
4,000
130
2.4M
724.1M
OF DOWNTOWN RESIDENTS ARE MILLENIALS
BUSINESSES LOCATED DOWNTOWN
TECH AND INOVATION STARTUPS
PETCO PARK ANNUAL ATTENDEES
CONVENTION CENTER DIRECT ATTENDEE SPENDING
*Demographics produced using private and government sources deemed to be reliable. The information herein is provided without representation or warranty. Additional information available upon request.
R E TA I L /O F F I C E CO N D O M I N I U M S F O R S A L E
P I N N A C L E M US E U M T O W E R
215 WEST MARKET STREETDOWNTOWN SAN DIEGO
MICHAEL [email protected] ID: 01763327
PASQUALE [email protected] ID: 01488187
ALEX [email protected] ID: 01988954
URBAN STRATEGIES GROUPFLOCKE & AVOYER COMMERCIAL REAL ESTATE
@urban_strategies_group@USG_SanDiego
