The Shops at Madison Place | 5487-5547 Clairemont Mesa Blvd
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The Shops at Madison Place 5487-5547 Clairemont Mesa Blvd Local commercial 4 951 m² 91 % Loué À vendre San Diego, CA 92117 21 827 500 € (4 408,55 €/m²) Taux de capitalisation 6,89 %
Certaines informations ont été traduites automatiquement.
INFORMATIONS PRINCIPALES SUR L'INVESTISSEMENT
- High visibility and easy access
- Freeway visible monument sign and additional pole sign in the parking lot
- Abundant parking for customers
RÉSUMÉ ANALYTIQUE
A premier investment opportunity, the center is currently 93% occupied, offering short-term leases at significantly below market rates. Investors can quickly enhance value by extending leases at market retail rates or by unlocking significant underlying potential through new multifamily redevelopment. The 4.02-acre site is positioned within the City’s Complete Communities plan, which supports a range of multifamily housing scenarios—allowing for up to 646 units within a “by-right” ministerial process.
The Shops at Madison Place presents investors with a compelling opportunity to generate immediate cash flow while executing a strategic value-add or redevelopment plan in one of San Diego’s most sought-after submarkets. With strong market fundamentals and flexible repositioning options, the asset is well positioned to deliver significant returns.
-Prime Retail Location - Located at the intersection of Clairemont Mesa Boulevard and I-805, Madison Place is a prime retail destination. Situated in a densely populated neighborhood near Madison High School, the center offers high visibility and easy access, and abundant parking for customers.
-Significant NOI Growth - Due to embedded rental increases, rolling below-market rents to market, and lease-up of the vacant space, the NOI is projected to increase more than $962,993 (73%) over the anticipated hold period, providing immediate income growth and a strong hedge against inflation.
-Below Market Rental Upside - Based on the surrounding trade area and coupled with the ability to offer long term leases, the existing market rent for the asset is 18.69% below market. This offers an investor a rare value add retail asset in a trade area with a 3.2% Vacancy Rate..
-Strong CAGR – Madison Place boasts a robust Compound Annual Growth Rate (CAGR) of 5.65%.
-Seasoned Tenancy - 53% of leased GLA have been at this property for 6+ years, proving resilience in a variety of economic conditions and in the face of potential redevelopment.
-Flexible Zoning - The project falls within the Complete Communities Tier 4 area with a 4.0 FAR, meaning there is no discretion from the city on approvals and development can occur via a ministerial “process one” development timeline.
The Shops at Madison Place presents investors with a compelling opportunity to generate immediate cash flow while executing a strategic value-add or redevelopment plan in one of San Diego’s most sought-after submarkets. With strong market fundamentals and flexible repositioning options, the asset is well positioned to deliver significant returns.
-Prime Retail Location - Located at the intersection of Clairemont Mesa Boulevard and I-805, Madison Place is a prime retail destination. Situated in a densely populated neighborhood near Madison High School, the center offers high visibility and easy access, and abundant parking for customers.
-Significant NOI Growth - Due to embedded rental increases, rolling below-market rents to market, and lease-up of the vacant space, the NOI is projected to increase more than $962,993 (73%) over the anticipated hold period, providing immediate income growth and a strong hedge against inflation.
-Below Market Rental Upside - Based on the surrounding trade area and coupled with the ability to offer long term leases, the existing market rent for the asset is 18.69% below market. This offers an investor a rare value add retail asset in a trade area with a 3.2% Vacancy Rate..
-Strong CAGR – Madison Place boasts a robust Compound Annual Growth Rate (CAGR) of 5.65%.
-Seasoned Tenancy - 53% of leased GLA have been at this property for 6+ years, proving resilience in a variety of economic conditions and in the face of potential redevelopment.
-Flexible Zoning - The project falls within the Complete Communities Tier 4 area with a 4.0 FAR, meaning there is no discretion from the city on approvals and development can occur via a ministerial “process one” development timeline.
DATA ROOM Cliquez ici pour accéder à
- Offering Memorandum
INFORMATIONS SUR L’IMMEUBLE
Type de vente
Investissement triple net
Type de bien
Local commercial
Sous-type de bien
Surface de l’immeuble
4 951 m²
Classe d’immeuble
C
Année de construction
1977
Prix
21 827 500 €
Prix par m²
4 408,55 €
Taux de capitalisation
6,89 %
RNE
1 504 571 €
Pourcentage loué
91 %
Occupation
Multi
Hauteur de l’immeuble
1 Étage
Coefficient d’occupation des sols de l’immeuble
0,30
Surface du lot
1,63 ha
Zonage
C - Complete Communities Tier 4
Stationnement
229 Espaces (46,25 places par 1 000 m² loué)
Façade
284 m le Clairemont Mesa Blvd
CARACTÉRISTIQUES
- Enseigne sur pylône
- Intersection avec signalisation
DISPONIBILITÉ DE L’ESPACE
- ESPACE
- SURFACE
- TYPE DE BIEN
- POSTE
- DISPONIBLE
- 5517C
- 126 m²
- Local commercial
- Contigu et aligné
- Maintenant
- 5533
- 47 m²
- Local commercial
- -
- Maintenant
- 5537
- 178 m²
- Local commercial
- Contigu et aligné
- Maintenant
| Espace | Surface | Type de bien | Poste | Disponible |
| 5517C | 126 m² | Local commercial | Contigu et aligné | Maintenant |
| 5533 | 47 m² | Local commercial | - | Maintenant |
| 5537 | 178 m² | Local commercial | Contigu et aligné | Maintenant |
5517C
| Surface |
| 126 m² |
| Type de bien |
| Local commercial |
| Poste |
| Contigu et aligné |
| Disponible |
| Maintenant |
5533
| Surface |
| 47 m² |
| Type de bien |
| Local commercial |
| Poste |
| - |
| Disponible |
| Maintenant |
5537
| Surface |
| 178 m² |
| Type de bien |
| Local commercial |
| Poste |
| Contigu et aligné |
| Disponible |
| Maintenant |
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Walk Score®
Très praticable à pied (71)
PRINCIPAUX COMMERCES À PROXIMITÉ
TAXES FONCIÈRES
| Numéro de parcelle | 362-011-09 | Évaluation des aménagements | 5 047 261 € |
| Évaluation du terrain | 3 162 918 € | Évaluation totale | 8 210 179 € |
TAXES FONCIÈRES
Numéro de parcelle
362-011-09
Évaluation du terrain
3 162 918 €
Évaluation des aménagements
5 047 261 €
Évaluation totale
8 210 179 €
CONTACTS
-
Michael Peterson -
Rachel Parsons -
Reg Kobzi -
Jimmy Slusher -
Scott Peterson -
CBRE, Inc.
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VIDÉOS
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The Shops at Madison Place | 5487-5547 Clairemont Mesa Blvd
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