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    5005 Cass St

    CA 92109
    • $2,000,000
    • STATUS: Closed
    • ON SITE: 450 days
    • ID#: 190027554
    Sold - 01/03/2020
    $2,000,000
    SOLD - 01/03/2020
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial-Lease
    Built:
    1963
    County:

    School Ratings & Info

    Description

    5 unit Retail in North Pacific Beach on busy intersection of Cass St. and Loring. A must see! Great potential in an upscale beach area with it's proximity to La Jolla. Plenty of value add with leases coming up for renewal this year and next! First time in over 35 years this property has come available and won't last long! Bar has permitted exterior seating area and ADA ramp entrance. Lease comes due on Bar Dec. 2020 for owner/user. Retail in North Pacific Beach on busy corner with housing on both sides to east and west as well as to north and south for heavy neighborhood support. Vacant unit has been recently renovated including ADA bathroom/ disability ramp removing stairs between suites, LED Can lighting, new flooring, wrought iron gates, sheetrock walls & ceiling and added security screen doors, and ready to lease the 1410 SF at market rates. Overhaul on electrical system of approx. $34,000 in upgrades for entire building is nearly completed with 400 amp and 8 meter electrical metering panels added, plus SDGE pull to street of 400 Amps, install new grounding system for 400 amps, 4 inch conduit from pull can to new meters and 400 amp wire from pull can to disconnect. 5 unit Retail in North Pacific Beach on busy intersection of Cass St. and Loring. A must see! Great potential in an upscale beach area with it's proximity to La Jolla. Plenty of value add with leases coming up for renewal this year and next! First time in over 35 years this property has come available and won't last long! +G- Prime Location on North Pacific Beach Corner Lot with Alley Access +G- Newly Renovated Suite 5005 with 1353 SF +G- Off Street Parking- 4 Spaces +G- Value Add with Either NNN or Market Rents +G- Leases Coming Due, 3 in August of 2019 and 1 in December 2020 +G- 1 Vacancy in Renovation Availabe June 2019

    Sold by Lesha Montoya of Pacific Coast Commercial.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-08-12T19:31:13.55. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Compass. Licensed in the State of California, USA.

    www.sperryresidential.com/homes/94983396
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    5005 Cass St CA 92109

    • Price: $3,500,000
    • Status: Closed
    • Updated: 28 min ago
    • ID#: 190027554
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    1963
    Built
    County:
    San Diego
    Property Description
    5 unit Retail in North Pacific Beach on busy intersection of Cass St. and Loring. A must see! Great potential in an upscale beach area with it's proximity to La Jolla. Plenty of value add with leases coming up for renewal this year and next! First time in over 35 years this property has come available and won't last long! Bar has permitted exterior seating area and ADA ramp entrance. Lease comes due on Bar Dec. 2020 for owner/user. Retail in North Pacific Beach on busy corner with housing on both sides to east and west as well as to north and south for heavy neighborhood support. Vacant unit has been recently renovated including ADA bathroom/ disability ramp removing stairs between suites, LED Can lighting, new flooring, wrought iron gates, sheetrock walls & ceiling and added security screen doors, and ready to lease the 1410 SF at market rates. Overhaul on electrical system of approx. $34,000 in upgrades for entire building is nearly completed with 400 amp and 8 meter electrical metering panels added, plus SDGE pull to street of 400 Amps, install new grounding system for 400 amps, 4 inch conduit from pull can to new meters and 400 amp wire from pull can to disconnect. 5 unit Retail in North Pacific Beach on busy intersection of Cass St. and Loring. A must see! Great potential in an upscale beach area with it's proximity to La Jolla. Plenty of value add with leases coming up for renewal this year and next! First time in over 35 years this property has come available and won't last long! +G- Prime Location on North Pacific Beach Corner Lot with Alley Access +G- Newly Renovated Suite 5005 with 1353 SF +G- Off Street Parking- 4 Spaces +G- Value Add with Either NNN or Market Rents +G- Leases Coming Due, 3 in August of 2019 and 1 in December 2020 +G- 1 Vacancy in Renovation Availabe June 2019
    Exterior Features

    Lot Size Units Square Feet

    Property Features

    Country Us Total Monthly Rent 6396 Zoning Commercial

    Listing provided courtesy of Lesha Montoya of Pacific Coast Commercial and Jim Taylor of Taylor Investment Properties


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-08-12T19:31:13.55. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Compass. Licensed in the State of California, USA.

     
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    Compass
    341 Bayside Drive
    Newport Beach CA, 92660