619-990-4436
4647 University ave. San Diego 92105
Case Study: 4647 University Avenue, San Diego, CA
Property Overview
The property at 4647 University Avenue is a freestanding commercial building located in the dense, high traffic City Heights corridor, one of San Diego’s most active retail and redevelopment submarkets.
Transaction Summary
Sale Price: $3,600,000
Building Size: 8,227 SqFt
Lot Size: 19,000 SqFt
Asset Type: Retail / Warehouse / Commercial Investment
Lease Structure: Single Tenant Gross Lease
Cap Rate: 6%+
Representation: Seller Representation
Advisory Narrative
This transaction highlights the strength of the University Avenue corridor and the continued demand for well located commercial assets within infill San Diego neighborhoods.
Attractive Combination of Income and Redevelopment Potential
The property offered a compelling blend of a large 19,000 SqFt parcel, stable in place cash flow, a 6%+ cap rate which is rare for central San Diego, and long term zoning and redevelopment upside.
Its position along University Avenue, a major commercial corridor, expanded the buyer pool and generated strong investor interest.
High Demand City Heights Submarket
City Heights continues to attract value add investors, local business operators, and developers assembling frontage along University Avenue.
The property’s location, accessibility, and tenant stability positioned it as a reliable income producing asset with future strategic potential.
Clean and Efficient Transaction Execution
Many properties along University Avenue face challenges such as incomplete records or operational inconsistencies. This sale stood out because the transaction process was organized and transparent.
Key elements included clear financial documentation, a verified tenant estoppel, transparent rent and expense structure, and minimal deal friction.
The result was a smooth closing process at full value and a strong outcome for the seller.
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