for sale 629-633 kettner blvd downtown san diego · apn: 535-700-12 parcel area: approximately...

FOR SALE 629-633 KETTNER BLVDDOWNTOWN SAN DIEGO

P. 1 I 629-633 kETTNER BOULEVARD

Exclusive Advisors: Colliers International

Colliers International4660 La Jolla Village Drive, Suite 100San Diego, CA 92122DIR+1 858 455 1515FAX+1 858 546 9146www.colliers.com

Victor Krebs Senior Vice President Colliers International CA License No 01114335 DIR+1 858 677 5334 [email protected]

Rob Morgan Vice President Colliers International CA License No 01433616 DIR+1 858 677 [email protected]

Denny Oh Pacific Sotheby’s International Realty CA License No 01420194 DIR+1 858 243 2092 [email protected]

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage, condition, or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

Colliers International and Pacific Sotheby’s International Realty

are pleased to offer for sale 629-633 Kettner Boulevard, San

Diego, CA. The approximately 5,434 square foot mixed-use

building was extensively renovated in 2010. Located in the

Marina area of Downtown San Diego the property is within

short walking distance to the San Diego Bay, Gaslamp Area,

Ralphs Grocery, and several Parks.

The 2-story building is comprised of a retail suite on the

ground floor and a residential unit on the second floor.

Currently the building is fully leased to Lion’s Share

Restaurant who operates out of the ground floor and leases

the residential unit for one of its principals. The second floor

can also potentially offer unique creative office space for an

owner/occupant, please contact listing broker to discuss.

629-633 Kettner Boulevard offers an excellent investment

opportunity given its stable income, prime Marina location,

and high quality renovation.


EXECUTIVE SUMMARY

Russ Blvd.

Ash St.

A St.

B St.

C St.

Broadway

E St.

F St.

G St.

Market St.

Island St.

J St.

K St.

L St.

Ket

tner

Blv

d.

Ind

ia S

t.

Co

lum

bia

St.

Pac

i�c

Hw

y.

N. H

arb

or

Dr.

Bel

t S

t.

Sta

te S

t.

Un

ion

St.

Fro

nt

St.

1st

Ave

.

2nd

Ave

.

3nd

Ave

.

4th

Ave

.

5th

Ave

.

6th

Ave

.

7th

Ave

.

8th

Ave

.

9th

Ave

.

10th

Ave

.

11th

Ave

.

Par

k B

lvd

.

13th

St.

To

ny G

w ynn Dr.

B StreetCruise ShipTerminal Santa Fe

TrainDepot

USS Midway

MarinaPark

SeaportVillage

S A N D I E G OC O N V E N T I O N C E N T E R

H O R T O NP L A Z A

GA

SL

AM

P

DI

ST

RI

CT

F I N A N C I A L D I S T R I C T

C I T YC O L L E G E

B A L L P A R KD I S T R I C T

TailgatePark

C I V I CC E N T E R

S M A R TC O R N E R

15TH & MARKET ST.

15TH & MARKET STREET | SAN DIEGO, CA

629-633 KETTNER BLVD

5


AERIALS

Price: $1,900,000

Location: 629-633 Kettner Blvd.San Diego, CA 92101

APN: 535-700-12

Parcel Area: Approximately 2,997 square feet

Building Size: Total–Approximately 5,434 SF 1st Floor–Approximately 2,818 SF 2nd Floor–Approximately 2,616 SF

Stories: 2

Zoning: Marina PDO

FAR: 3.5

Parking: 1 garage space for residential unit


PROPERTY OVERVIEW


INTERIOR PHOTOS | RESIDENTIAL


INTERIOR PHOTOS | RETAIL

REVISIONS BY

DRAWN

DATE

SCALE

SHEET

1 OF 1 SHEETS

12 - 23 - 10

A - 1

1/4" = ONE FOOT

417

7 Ya

le A

venu

e

La M

esa,

Ca.

919

41

619-

463

-122

2

PRELIMINARY FLOOR PLAN

629

kettn

er b

lvd.

sa

n di

ego,

ca.

921

01

48' 9"

58' 10"

25' 1"

RETAIL STORAGE

RETAILSTORAGE

RESIDENTIAL GARAGE

TO APARTMENT ABOVE

18x60

5 TIER

FS

VE

G. P

RE

P. S

INK

M

OP

SIN

K

D

D

30"

48"

30"

48"

BAR

NEW WOMEN'S RESTRM. F.D.

NEW MEN'S RESTRM.

F.D.

3068

3068

GG

GGK

ITCH

EN

2-FRY

ER

S

5' GR

IDD

LE

5' CH

AR

-BR

OILE

R

RE

FRIG

ER

ATE

D E

Q. S

TAN

D

4' CH

EE

SE

ME

LTER

2-D

OO

R R

EFER

.

SCULLERY

FD

FS

UTE

NS

IL S

INK

3'

6' M

AKE

UP

TABL

E

I

OU

18x36

3 TIER

3'x2' W

OR

K TA

BLE

HALL

6'x6" WALK-IN COOLER

18x36

4 TIER

18x36

4 TIER18x36

4 TIER

18x36

4 TIER

18x36

4 TIER

18x363 TIER

18x363 TIER

18x2

45

TIER

3068

OFFICE

STORAGE DINING

ENTRANCE

STORAGE

(E) COLUMN

FD

3070

OCCUPANT LOAD CALULATION TOTAL AREA OF T.I. = 1,715 SQ/FT. KITCHEN / SCULLERY / STORAGE / BAR: 590.85 SQ/FT. @ 1: 200 SQ/FT. = 3 OFFICE 55 SQ/FT: @ 1:100 = 1

TOTAL DINING 672 SQ/FT.: @ 1:15 = 45

TOTAL OCCUPANT LOAD: 49

"NOT INCLUDED IN TOTAL OCCUPANT LOAD OF BUILDING" ARE AREAS USED BY PEOPLE NORMALLY OCCUPYING OTHER PARTS OF BUILDING. I.E. WALK-IN, RESTROOMS, HALLWAYS ETC.

STU

FFED

G

AM

E A

NIM

AL

DIS

PLA

Y

STU

FFE

D

GA

ME

AN

IMA

L D

ISP

LAY

STU

FFED

G

AM

E A

NIM

AL

DIS

PLA

Y

3070 DUAL SWINGDOORS W/VEIW PANEL

First Floor Second Floor


FLOOR PLANS

Lion's Share Residential Unit*Start Date 2/1/2011 12/15/2011End Date 1/31/2016 1/31/2016Approximate Size 41% of total rentable space 59% of total rentable spaceBase Monthly Rent

2/1/13 to 1/31/14 $5,541.66 $3,800.002/1/14 to 1/31/15 $5,791.66 $3,800.002/1/15 to 1/31/16 $6,041.66 $3,800.00

Secutiry Deposit $11,000.00 $3,800.00Tenant Expenses Utilities, all directly billed services, 41% pro-

rata of property taxUtilities, all directly billed services, landscape maintenance and window washing at $100/month

Property Tax Increase on Sale Lesser of 1) 100% of the increase in property taxes attributable to the Premises (as determined by Landlord in its sole and absolute discretion) or 2) $12,000 per year

n/a

Options 2 - 5 year options at Fair Market Rent but not less than 2.5% of previous years rent and not greater than 5.0% of previous years rent

2 - 5 year options at Fair Market Rent but not less than 2.5% of previous years rent and not greater than 5.0% of previous years rent

Option Annual Increases 2.50% 2.50%Landlord Maintenance Roof None

*Please note that the residential unit is leased by the principals of Lion's Share with one principal occupying the space


LEASES

629-33 Kettner - Income and Expense - 3/12/2013

IncomeCommercial $66,500Residential $45,600

Total $112,100Lion's Share Reimbursement 41.00% $8,959Residential Reimbursement $1,200Total $122,258

ExpensesInsurance ($2,629)Property Tax 1.15% ($21,850)Landscaping ($1,938)Total ($26,417)

NOI $95,841

Rob Morgan - Colliers International - 858-677-5316

2013 INCOME & EXPENSES - BUDGET


FINANCIALS

Victor KrebsSenior Vice PresidentCA License No. 01114335 DIR +1 858 677 5334 [email protected]

Rob MorganVice President CA License No. 01433616DIR +1 858 677 5316 [email protected]

Denny OhPacific Sotheby’s International Realty CA License No 01420194 DIR+1 858 243 2092 [email protected]

Colliers International - San Diego 4660 La Jolla Village Dr. Ste 100San Diego, CA 92122DIR +1 858 455 1515www.colliers.com

INVESTMENT INFORMATION

for sale 629-633 kettner blvd downtown san diego · apn: 535-700-12 parcel area: approximately...

Documents