2137-21415TH AVENUE

FOR SALE OR LEASE

BANKERS HILL SAN DIEGO

DISCLAIMER NOTICE010203

CONFIDENTIALITY & DISCLAIMERThe information contained here has been obtained from sources considered to be reliable, but no guarantee of its accuracy is made by QFC Real Estate In addition, no representation is made respecting to zoning, condition of title, dimensions or any matters of a legal or envi-ronmental nature. Furthermore, Buyer is responsible for determining that the zoning appli-cable to the Property and any future potential development of such. Such matters should be referred to legal counsel for determination. Terms and conditions are subject to change without prior notice. The information contained in this brochure is submitted subject to change of price, errors, omissions, or other conditions, withdrawal without notice, and to any special listing conditions imposed by owner. No representation or recommendation is made by QFC Real Estate as to the legal, financial or tax consequences and all prospective Buyers are encouraged to complete their own due diligence, hire independent consultants and/or advisors in order to obtain information they deem reliable.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONTACT YOUR QFC REAL ESTATE AGENT FOR MORE DETAILS.

EXECUTIVE SUMMARY

MARKET OVERVIEW

COMPETITIVE SET

Steve MartiniQFC Real Estatesmartini@qfcre.com619-243-8451DRE #01330605

Emmett CahillQFC Real Estateecahill@qfcre.com619-243-8470DRE #020336045

Peter WrightQFC Real Estatepwright@qfcre.com619-243-8450DRE #01846272

INVESTMENT OVERVIEW01EXECUTIVE SUMMARY

2137-2141 5TH AVENUESAN DIEGO, CA 92101

+ High demand asset with virtually zero similar supply available in the area

+ Located within walking distance tonearby restaurants, boutiques and

brew pubs

+ Walk Score of 92+ 14,400 SF building

An approximate 14,400 +/- square foot freestanding building with 45 secured parking spaces available in historic Banker’s Hill. This is a unique opportunity for an Owner/ User or Investor to aquire this well located office building in a highly desirable neighborhood.A vibrant location with an abundance of foot traffic, restaurants and high end residential nearby. This district is bordered by West Laurel Street to the North, West Ash Street to the South, Interstate 5 and front Street to the East and the Pacific Ocean/ San Diego Bay to the West.

Extremely creative space available for lease. Huge open office area with exposed concrete floors, high ceilings, private offices, conference rooms, restrooms and a large kitchen. Space also features a secured front reception area and ample storage areas Newly painted exterior..

The property has a walk score of 92 and is situated just 1 block from the beautiful Balboa Park (San Diego Zoo & Old Globe Theater plus first-class museums, a botanical garden, IMAX Theater) and minutes from Downtown and Little Italy. Downtown San Diego, Hillcrest and Little Italy are all close and feature fine dining, shopping and entertaining.

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PROPERTY OVERVIEW

Address

APNIngress/ EgressGross Building AreaAvailable SpaceLot SizeStoriesYear Built/ RenovatedParkingZoning

Sale Price Lease Rate

2137-2141 5th Avenue San Diego, CA 92101 533-203-015th Avenue & Ivy St14,400 SF +/_14,400 SF +/_ 14,953 SF 1195745 On-site gated spacesCC-3-4

$5.6 M$2.50 - 2.65 PSF MG

The information contained here has been obtained from sources considered to be reliable, but no guarantee of its accuracy is made by this company. In addition, no representation is made respecting zoning, condition of title, dimensions or any matters of a legal or environmental nature. Such matters should be referred to legal counsel for determination. Terms and conditions are subject to change without prior notice. Subject to errors and omissions. Buyer to confirm zone and use.

EXTERIOR PHOTOS

EXTERIOR PHOTOS

INTERIOR PHOTOS

INTERIOR PHOTOS

NEARBY AMENITIES

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RESTAURANTS

SERVICES

BARS AND BREWPUBS

1. Cucina Urbana2. Extrordinary Desserts3. Papas and Tacos4. Bankers Hill Bar and Restaurant5. Mr. A’s6. Hob Nob Hill7. Azuki Sushi8. Imperial Steakhouse9. The Prado10. Panama 6611. Barrio Star

1. The Marketplace2. 1st and Ivy Market3. Bi Rite Market4. CVS5. Postal Annex

COFFEE

1. Corner Drafthouse2. Wet Stone Wine Bar3. The Balboa4. Cherry Bomb5. SRO Lounge

1. Westbean Coffee Roasters2. Daniels Coffee3. James Coffee Co.4. Starbucks Coffee

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2141 5TH AVE

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FLOOR PLAN

FLOOR PLAN

INVESTMENT OVERVIEWAn approximate 28,275 +/- square foot freestanding building in the heart of Little Italy. This is a unique opportunity for an Owner/ User or Investor to own this iconic, well located office building in this highly desirable neighborhood.A vibrant location, in the center of Little Italy, with an abundance of foot traffic, restaurants and high end residential/ hotels nearby. This district is bordered by West Laurel Street to the North, West Ash Street to the South, Interstate 5 and front Street to the East and the Pacific Ocean/ San Diego Bay to the West.

Extremely creative 4th floor space available for lease. Fully built out floor (9,425 RSF) is move in ready! Amazing views of Little Italy with natural light throughout, private offices, conference rooms, direct elevator access into the suite, private restrooms and a kitchen.

With two tenants in place with staggered long-term leases expiring after 2029 and in-place income over $60,000/ month, the property is prime for an investor/ user. Fully leased estimated NOI $811,000. Rent roll and financials available upon request.

Located in the heart of the chic, pedestrian friendly neighborhood of Little Italy,

LITTLE ITALY

03MARKET

OVERVIEW

444 W. BEECH STREETSAN DIEGO, CA 92101

Little Italy is an authentic and culturally rich urban neighborhood with single-family homes, condo-miniums, town home, and apartments. The main promenade, India Street, is bustling with fantastic restaurants, chic cafés, bars, art galleries and specialty shops. Our Lady of the Rosary Church and Washington Elementary School remain important institutions of the area.

Banker’s Hill is a historic San Diego neighborhood bordered by Mission hills and Hillcrest to the north,Downtown to the south and Balboa Park to the east. It was named “Banker’s Hill” due to it’s reputation of being home to many prominent affluent citizens. Perched on the hill overlooking San Diego Bay, this neighborhood offers stunning views to the west and picturesque views of Balboa Park to the east.

Banker’s Hill is the perfect combination of residential, commercial, and urban community infrastructure. Featuring an eclectic mix of both contemporary and historical architecture, this neighborhood offers something for everyone. Upscale residential towers mix with historial mansions dating back to the 1800s, many of which have been converted into bed and breakfasts or office suites. A plethora of resturants, cafes and nightlife are within walking distance;.

With many development projects on the boards, including 252 additional residential units under construction/ proposed within a quarter mile of the property, the population of this neighborhood is expected to rise 22%, which will only increase the traffic for local businesses in the community.

Banker’s Hill

Newly Renovated Spaces, Mixed Use And a Growing Number of New

High-Rise Complexes

Eclectic Neighborhood with many Resturants, Cafes and Bars.

Young Professionals And Families

DEMOGRAPHICS

1%POPULATION GROWTH

40MEDIAN AGE

96.4%EMPLOYMENT RATE

$105,274AVERAGE HOUSEHOLD INCOME

$655,950AVERAGE HOME VALUE

5703POPULATION

444 W. BEECH STREETSAN DIEGO, CA 92101

SALE COMPARABLES

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330 A STREETSAN DIEGO, CA 92101

Building SF 9,000 SFLand Area 10,019 SFSale Price $6,250,000Price/ SF $694.44Sale Date 12/30/2016

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444 W BEECH

1510 FRONT STREETSAN DIEGO, CA 92101

Building SF 14,441 SFLand Area 9,148 SFSale Price $5,907,500Price/ SF $409.08Sale Date 04/22/2019

2 3 909 W LAUREL STREETSAN DIEGO, CA 92101

Building SF 10,500 SFLand Area 10,019 SFSale Price $4,000,000Price/ SF $308.95Sale Date 02/24/2017

1500-1520 STATE STREETSAN DIEGO, CA 92101

Building SF 29,100 SFLand Area 14,810 SFSale Price $15,000,000Price/ SF $515.46Sale Date 06/29/2018

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04COMPETITIVE

SET

1495 Pacific Highway | Suite 450 | San Diego | CA | 92101 | 619-243-8454The information contained here has been obtained from sources considered to be reliable, but no guarantee of its accuracy is made by this company. In addition, no representation is made respecting zoning, condition of title, dimensions or any matters of a legal or environmental nature. Such matters should be referred to legal counsel for determination. Terms and conditions are subject to change without prior notice. Subject to errors and omissions. Buyer to confirm zone and use.