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Property Details
Case Study: 4604 University Ave, San Diego, CA 92105
City Heights Commercial Property Sale | Seller Representation
Property Overview
4604 University Avenue is a highly visible City Heights commercial building located on one of the most heavily trafficked retail corridors in San Diego.
The property consists of a single-tenant warehouse/showroom operating under a gross lease, making it an attractive, stable cash-flowing investment in a submarket known for strong demand and limited quality inventory.
Transaction Summary
Sale Price: $1,138,000
Asset Type: Commercial Warehouse / Retail
Tenant Type: Single-Tenant, Gross Lease
Cap Rate: 6%+
Building Size: 8,227 SF
Lot Size: 19,000 SF
Representation: Represented Seller
Submarket: City Heights, San Diego
Advisory Strategy
1. Targeting Local Investor Demand
City Heights attracts:
Owner-users
Small business operators
Local investors seeking stable, under-managed assets
1031 exchange buyers looking for yield
Positioning the property as a 6%+ cap investment created strong response from investors priced out of prime corridors like North Park, Normal Heights, and University Heights.
2. Marketing the Strength of the University Avenue Corridor
University Avenue is one of San Diego’s most important commercial arteries.
Key value drivers included:
High traffic volume
Strong visibility
Diverse tenant demand
Long-term redevelopment upside
Proximity to new City Heights revitalization projects
These elements significantly supported buyer confidence and validated the pricing strategy.
3. Streamlined Sale Process for the Seller
You provided:
Value positioning
Lease review and income verification
Buyer vetting
Negotiation and due diligence management
Clear communication with an out-of-area buyer pool
The result was a smooth closing at a cap rate aligned with market expectations for City Heights commercial assets.
Thinking About Selling?
If you own a commercial or multifamily property in:
City Heights
North Park
El Cajon Blvd Corridor
San Diego urban core
I provide confidential valuations and strategic recommendations tailored to today’s market.
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Narrative
Standalone corner commercial building on University Avenue with strong frontage, parking, and in-place tenant on single-net lease with annual increases.