2995 Commercial St.
san diego, california
MULTI-FAMILY RESIDENTIAL & MIXED-USE
18,735 sq ft RETAIL
18 OFFICE SPACES
5,000 sq ft ROOFTOP COMMON AREA
The property currently has one building on-site (7,000 SF) and the remaining area is vacant land. The property location offers an ideal value-add opportunity in a gentrifying, increasingly desirable area of San Diego. The strategy is to redevelop the site to a 158,765 SF multi-family residential and mixed-use property, and then hold long-term to maximize cash flow from (i) leases that will be at or above market for the Level 1 and 2 commercial mixed-use units and (ii) the income generated from 68 proposed residential units.