38
Capital Markets | Investment Properties 6 UNITS FOR SALE SAN DIEGO, CA 92101 2141 FRONT STREET
Capital Markets | Investment Properties
6 U N I T S F O R S A L E
S A N D I E G O , C A 9 2 1 0 12141 FRONT STREET
A F F I L I A T E D B U S I N E S S D I S C L O S U R ECBRE, Inc. operates within a global family of companies with many subsidiaries and related
entities (each an “Affiliate”) engaging in a broad range of commercial real estate businesses
including, but not limited to, brokerage services, property and facilities management,
valuation, investment fund management and development. At times different Affiliates,
including CBRE Global Investors, Inc. or Trammell Crow Company, may have or represent
clients who have competing interests in the same transaction. For example, Affiliates or
their clients may have or express an interest in the property described in this Memorandum
(the “Property”), and may be the successful bidder for the Property. Your receipt of this
Memorandum constitutes your acknowledgement of that possibility and your agreement
that neither CBRE, Inc. nor any Affiliate has an obligation to disclose to you such Affiliates’
interest or involvement in the sale or purchase of the Property. In all instances, however,
CBRE, Inc. and its Affiliates will act in the best interest of their respective client(s), at arms’
length, not in concert, or in a manner detrimental to any third party. CBRE, Inc. and its
Affiliates will conduct their respective businesses in a manner consistent with the law and all
fiduciary duties owed to their respective client(s).
C O N F I D E N T I A L I T Y A G R E E M E N TYour receipt of this Memorandum constitutes your acknowledgement that (i) it is a
confidential Memorandum solely for your limited use and benefit in determining whether
you desire to express further interest in the acquisition of the Property, (ii) you will hold it in
the strictest confidence, (iii) you will not disclose it or its contents to any third party without
the prior written authorization of the owner of the Property (“Owner”) or CBRE, Inc., and (iv)
you will not use any part of this Memorandum in any manner detrimental to the Owner or
CBRE, Inc.
If after reviewing this Memorandum, you have no further interest in purchasing the Property,
kindly return it to CBRE, Inc.
D I S C L A I M E RThis Memorandum contains select information pertaining to the Property and the Owner,
and does not purport to be all-inclusive or contain all or part of the information which
prospective investors may require to evaluate a purchase of the Property. The information
contained in this Memorandum has been obtained from sources believed to be reliable,
but has not been verified for accuracy, completeness, or fitness for any particular purpose.
All information is presented “as is” without representation or warranty of any kind. Such
information includes estimates based on forward-looking assumptions relating to the
general economy, market conditions, competition and other factors which are subject to
uncertainty and may not represent the current or future performance of the Property. All
references to acreages, square footages, and other measurements are approximations.
This Memorandum describes certain documents, including leases and other materials, in
summary form. These summaries may not be complete nor accurate descriptions of the full
agreements referenced. Additional information and an opportunity to inspect the Property
may be made available to qualified prospective purchasers. You are advised to independently
verify the accuracy and completeness of all summaries and information contained herein,
to consult with independent legal and financial advisors, and carefully investigate the
economics of this transaction and Property’s suitability for your needs. ANY RELIANCE ON
THE CONTENT OF THIS MEMORANDUM IS SOLELY AT YOUR OWN RISK.
The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions
of interest or offers to purchase the Property, and/or to terminate discussions at any time
with or without notice to you. All offers, counteroffers, and negotiations shall be non-binding
and neither CBRE, Inc. nor the Owner shall have any legal commitment or obligation except
as set forth in a fully executed, definitive purchase and sale agreement delivered by the
Owner.
Copyright Notice
© 2019 CBRE, Inc. All Rights Reserved.
C o n t e n t s
The Opportunity & Property Description
Location Overview
Financials
Comparables
Why San Diego?
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0 40 5
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Co n t a c t sA L L E N C H I T A Y A T
Lic. 00894356+1 858 546 [email protected]
N A T E P E P P E R
Lic. 01993739+1 858 546 2645 [email protected]
S A N D I E G O , C A 9 2 1 0 1
2141FRONT STREET
0 1T h e O p p o r t u n i t y &
P r o p e r t y D e s c r i p t i o n
2141FRONT STREET
T h e O p p o r t u n i t y• Six Units in Prime Location of Bankers Hill
• Unit Mix of Two 2-Bed / 1-Bath Units, One 1-Bed / 1-Bath Unit and Three Studio Units.
• Irreplaceable Location on Border of Little Italy & Balboa Park
o Five Minute Walk to Little Italy Bars & Restaurants
• Four of Six Units Fully Renovated with High-End Finishes
• Average Rental Upside of $150 Remaining on Un-Renovated Units
Number of Units 6
Year Built/Renovated 1930 / 2019
Parking Street
Total SF ± 3,125
Average SF ± 529
Site Acreage 0.11
Parcel Number 533-171-04-00
Type of Building Two Story
Metering Individual
Exterior Wood Frame
P r o p e r t y D e s c r i p t i o n2 1 4 1 F R O N T S T I S A S I X ( 6 ) U N I T A P A R T M E N T P R O P E R T Y L O C A T E D I N T H E I R R E P L A C E A B L E L O C A T I O N O F B A N K E R S H I L L O N T H E B O R D E R O F L I T T L E I T A L Y .
Originally a single-family house with a detached maid’s quarters, the property has since been reconfigured. Extensive interior and exterior renovations were completed as of October 2019. The unit mix consists of two 2-bed / 1-bath units (one with bay views), one 1-bed / 1-bath unitand three studio units (one detached w/ private yard). Fourof the six units have been fully-renovated with high-endfinishes. Significant rental upside potential exists for a newinvestor on the remaining two un-renovated units.
View from Upstairs Balcony
02L o c a t i o n O v e r v i e w
2141FRONT STREET
Bankers Hill is a premier location of San Diego situated next to Little Italy, Downtown, Hillcrest and the World-Renowned Balboa Park. Its residents enjoy walkability to the plentiful dining and entertainment options these areas provide. Conveniently located near the 5 and 163 freeways, residents also enjoy quick connections to nearby retail and job centers. Little Italy is a short 5 minute walk away for residents of 2141 Front St. This pedestrian friendly neighborhood is packed with trendy bars, restaurants and boutique shopping. A recently added public square with frequent live music and a diverse food hall is also a popular attraction. Additional attractions include a weekly farmers market with gourmet food, fresh produce and craft retailers.
2 1 4 1 F r o n t S t r e e tI m m e d i a t e N e i g h b o r h o o d A e r i a l M a p - S o u t h w e s t V i e w
1st Avenue
Hawthorn Street Front Street
2141 FRONT STREET
San Diego Bay
Little Italy
Distance/Time to Locations:
Little Italy: 0.25 Miles 5 Minute Walk
Harbor Waterfront: 0.60 Miles 12 Minute Walk
San Diego International Airport: 1.5 Miles 5 Minute Drive
2 1 4 1 F r o n t S t r e e tI m m e d i a t e N e i g h b o r h o o d A e r i a l M a p - S o u t h e a s t V i e w
1st AvenueFront Street
2141 FRONT STREET
Ivy Street
Balboa ParkDowntownSan Diego
Distance/Time to Location:
Balboa Park: 0.40 Miles 8 Minute Walk
0 3F i n a n c i a l s
2141FRONT STREET
U n i t M i x S u m m a r y & R e n t sUNIT MIX SUMMARY
UNIT MIX SUMMARY ACTUAL PRO FORMA
Number of Units Type Unit SF Total SF Unit Monthly Rent Total Monthly Rent Monthly Rent/SF Unit Monthly Rent Total Monthly RentMonthly Rent/SF
1 Studio (Large) - Lower (non-reno) 500 500 $1,350 $1,350 $2.70 $1,500 $1,500 $3.00
1 2 Bed / 1 Bath - Lower 800 800 $2,195 $2,195 $2.74 $2,195 $2,195 $2.74
1 Studio - Lower 350 350 $1,395 $1,395 $3.99 $1,395 $1,395 $3.99
1 2 Bed / 1 Bath - Upper 775 775 $1,995 $1,995 $2.57 $1,995 $1,995 $2.57
1 1 Bed / 1 Bath - Upper (non-reno) 400 400 $1,250 $1,250 $3.13 $1,395 $1,395 $3.49
1 Studio - Dettached w/ yard 300 300 $1,495 $1,495 $4.98 $1,495 $1,495 $4.98
6 3,125 $1,613 $9,680 $3.10 $1,663 $9,975 $3.19
Annualized Actual Rents: $116,160 $37.17
Annualized Pro Forma Rents: $119,700 $38.30
UNIT MIX ACTUAL VS. PRO FORMA MONTHLY RENT
$0
$500
$1,000
$1,500
$2,000
$2,500
Studio(Large) -
Lower (non-reno)
2 Bed / 1Bath - Lower
Studio -Lower
2 Bed / 1Bath - Upper
1 Bed / 1Bath - Upper(non-reno)
Studio -Dettachedw/ yard
Actual Monthly Rent Pro Forma Monthly Rent
Studio (Large) -Lower (non-reno)
16%
2 Bed / 1 Bath -Lower16%
Studio - Lower17%
2 Bed / 1 Bath -Upper17%
1 Bed / 1 Bath -Upper (non-reno)
17%
Studio - Dettached w/ yard
17%
F i n a n c i a l sIncome In-Place
CBREPro Forma
Scheduled Market Rent $116,160 $119,700Plus: Laundry/Other Income $1,000
Gross Scheduled Income $116,160 $120,700
Less: Vacancy 3.00% ($3,485) ($3,621)
Total Operating Income (EGI) $112,675 $117,079
Expenses Per UnitAdministrative $167 $1,000 $1,000Repairs & Maintenance / Turnover $833 $5,000 $5,000Management Fee 6.00% $1,127 $6,761 $7,025Utilities $667 $4,000 $4,000Contracted Services (Landscaping & Pest) $390 $2,340 $2,340Real Estate Taxes 1.2000% $3,290 $19,740 $19,740Insurance $300 $1,800 $1,800
Total Expenses $40,641 $40,905
Per Unit: $6,773 $6,817% of Income 35.0% 33.9%
Net Operating Income $72,035 $76,174
Less: Debt Service ($58,265) ($58,265)Projected Net Cash Flow $13,769 $17,909
Cash-on-Cash Return (Based on Ask Price) 2.09% 2.72% `Debt Service Coverage 1.24 1.31
GRM 14.16 13.63
Cap Rate Analysis Price $/Unit $/Foot In-Place Cap Rate Market Cap RateListing Price $1,645,000 $274,167 $526.40 4.38% 4.63%
All FinancingTotal
Loan AmountDown
Payment LTVMonthy
Payment$987,000 $658,000 60% ($4,855)
New FinancingLTV for this loan Amount Interest Rate Amortization Payment
60% $987,000 4.25% 30 ($4,855)
PRICE$1 ,645,000
$/UNIT$274,167
$/SF$526.40
DOWN PAYMENT$658,000
% DOWN40%
MARKET CAP RATE4.63%
CAP RATE4.38%
MARKET GRM13.63
GRM14.16
You are solely responsible for independently verifying the information in this confidential memorandum. ANY RELIANCE ON IT IS SOLELY AT YOUR OWN RISK.
0 4C o m p a r a b l e s
2141FRONT STREET
2141 Front St
San Diego, CA 92101
6 Units | Built 1930
Unit Type Units RSF TSF Rent Rent/SF
Pro Forma
Rent
Pro Forma
Rent/SF Notes
Studio 1 300 300 $1,495 $4.98 $1,495 $4.98 Detached - Fully
Renovated
Studio 1 350 350 $1,395 $3.99 $1,395 $3.99 Fully Renovated
Studio 1 500 500 $1,350 $2.70 $1,500 $3.00
1 Bd / 1 Ba 1 400 400 $1,250 $3.13 $1,395 $3.49
2 Bd / 1 Ba 2 775-800 1,576 $2,095 $2.66 $2,095 $2.66 Fully Renovated
Summary: 6 Avg:521 3,126 Avg:$1,613 Avg:$3.10 Avg:$1,663 Avg:$3.19
2230 Albatross St
San Diego, CA 92101
16 Units | Built 1924
Unit Type Units RSF TSF Rent Rent/SF Notes
Studio 15 425 6,375 $1,450 $3.41 Fully Upgraded
1 Bd / 1 Ba 5 675 3,375 $1,750 $2.59 Fully Upgraded
Summary: 20 Avg:488 9,750 Avg:$1,525 Avg:$3.13
2244 2nd Ave
San Diego, CA 92101
| Built 1969
Unit Type Units RSF TSF Rent Rent/SF Notes
2 Bd / 2 Ba 1 850 850 $2,195 $2.58 Renovated
Summary: 1 Avg:850 850 Avg:$2,195 Avg:$2.58
434 Fir St
San Diego, CA 92101
| Built 1942
Unit Type Units RSF TSF Rent Rent/SF Notes
2 Bd / 1 Ba 1 591 591 $2,250 $3.81 Upgraded
Summary: 1 Avg:591 591 Avg:$2,250 Avg:$3.81
S
1
2
3
R e n t C o m p a r a b l e s
2141 FRONT ST
Property Year Built Units Mix Price $/Unit $/TSF CAP GRM Sale Date
1930 6 (3) Studio
(1) 1 bd/1 ba
(2) 2 bd/1 ba
$1,645,000 $274,167 $526.40 4.38 14.16 For Sale
1937 6 (2) 1 bd/1 ba
(4) 2 bd/1 ba
$1,950,000 $325,000 $395.54 4.90 13.27 Jul-19
1952 4 (1) 1 bd/1 ba
(2) 2 bd/1 ba
(1) 2 bd/2 ba
$1,420,000 $355,000 $402.49 4.08 15.95 May-19
1965 16 (7) Studio
(4) 1 bd/1 ba
(2) 3 bd
$4,000,000 $250,000 $456.36 4.74 13.69 Aug-19
1907 15 (9) Studio
(2) 1 bd/1 ba
(1) 1 bd/1.5 ba
(1) 1 bd/2 ba
(1) 2 bd/1 ba
(1) 2 bd/2 ba
$3,500,000 $233,333 $303.98 4.83 15.90 May-19
Subject 1930 6 $1,645,000 $274,167 $526.40 4.38 14.16
Averages 1940 10 $2,717,500 $290,833 $389.59 4.64 14.70
S
2141 Front St
San Diego, CA 92101
1
2336-46 Union St
San Diego, CA 92101
2
141-147 W Ivy St
San Diego, CA 92101
3
3102-08 1st Ave
San Diego, CA 92103
4
3575-85 6th Ave
San Diego, CA 92103
S a l e s C o m p a r a b l e s
2141 FRONT ST
0 5W h y S a n D i e g o ?
2141FRONT STREET
W H Y
SAN DIEGO?
“Best place in America to launch a startup”
FORBES MAGAZINE
“Most diverse high-tech sector in the nation”
MILKEN INSTITUTE
“Highest number of active duty military”
BEA.GOV
“Top Metro in U.S. for relocation”
APA SURVEY
“Top U.S. Travel Destination for 2016”
MONEY MAGAZINE
San Diego County’s nearly perfect year-round weather combined with a dynamic economy makes the region one of the most desirable places to live and work in the United States. San Diego’s quality of life and burgeoning economy attract residents, businesses and visitors from around the world.
Over the last two decades, the San Diego region has developed its own progressive identity as a premier tourist destination as well as a leader in defense development, biotechnology, sustainable energy, wireless and telecommunications technologies, and electronics manufacturing.
AVERAGE HOME VALUE
$581,436[1]
GROSS REGIONAL PRODUCT
$215.3 B[2]
[1] Fast Report[2] U.S. Bureau of Economic Analysis
POPULATION
3.32 MILLION[1]
HOUSEHOLDS
1,161,476[1]
AVERAGE HH INCOME
$96,336[1]
S a n D i e g o O v e r v i e w
» More than 60% of people who migrate here hold a college degree
» Over 63,000 professionals in science and engineering jobs
» 39.6% of degree holders have their first degree in a STEM field
» 22.3% of the population are Multi-Lingual English-Speaking.
» 23.4% growth in millennial degree holders from 2010 - 2014
(Source: San Diego Regional EDC)
» Two international airports serving San Diego County – San Diego International Airport and Tijuana Airport
» The world’s first cross-border airport terminal connecting San Diego and Tijuana
» The Port of San Diego, the fourth largest of California’s 11 ports, includes two maritime cargo terminals and two cruise ship terminals
» Mean travel time to work is 23 minutes – Lowest of the 10 peer metros
» Proximity to Orange County 1 h 43 (88 mi) / Los Angeles approx. 2 h 35 min (127 mi)
(Source: San Diego Regional EDC, Trulia)
» #4 safest city in the U.S. (F.B.I.)
» Over 120 breweries - #2 best beer cities in America (Thrillist)
» 70 miles of Coastline – La Jolla Shores, Coronado and Carlsbad on Trip Advisor’s Top 25 Beaches List
» Top attractions for both locals and tourists: The San Diego Zoo, San Diego Zoo Safari Park, SeaWorld San Diego, LEGOLAND California
» High Quality education options include San Diego State University, University of San Diego and UC San Diego
» Miles of running, hiking and biking trails as well as 90 golf courses in the county
(Source: San Diego Regional EDC)
QUALITY OF LIFE
TALENTCONNECTIVITY QUALITY OF LIFE
S a n D i e g o C o m p e t i t i v e A d v a n t a g e
Aerospace/Maritime/Defense
Companies: 760Employees: 34,500* Average earnings: $95K
*Not including DoD operations, which includes more than 140,000 military and DoD personnel
Medical Devices
Companies: 300Employees: 11,700 Average earnings: $118k
Biotech/Pharmaceuticals
Companies: 560Employees: 25,500 Average earnings: $165k
Cleantech/Energy
Companies: 770Employees: 8,000 Average earnings: $94k
Information/Communications
Companies: 3,270 Employees: 68,825 Average earnings: $106k
Tourism/Conventions
Companies: 7,150 Employees: 180,900
Healthcare
Companies: 26,500Employees: 151,600 Average earnings: $48k
Thriving Innovation Ecosystem: one of America’s most diverse economies, from biotech and cleantech to cybersecurity, wireless and health.
S a n D i e g o M a r k e t D r i v e r s
S a n D i e g o E c o n o m i c O v e r v i e wINNOVATION is in our DNA #1 Most Patent Intense Region in
the U.S. — #3 in the WorldSAN DIEGO ECONOMIC DEVELOPMENT CORPORATION
#1 Solar City - IN 2017, ENVIRONMENT AMERICA RESEARCH & POLICY CENTER RANKED SAN DIEGO AS THE 2ND BEST SOLAR CITY IN THE NATION FOR INSTALLED SOLAR PV SYSTEMS
#3 Life Sciences HubBUSINESS FACILITIES MAGAZINE 2015
#4 Clean Tech City in AmericaCLEAN TECH LEADERSHIP
#4 San Diego ranks fifth among the top 25 U.S. startup hubsU.S. CHAMBER OF COMMERCE FOUNDATION
#7 City for Fast-Growth CompaniesINC. MAGAZINE
#1 Metro for NIH Research Dollars to Research InstitutesNATIONAL INSTITUTES OF HEALTH
#4 in Venture Capital Dollars per EmployeeNATIONAL VENTURE CAPITAL ASSOCIATION / U.S. BUREAU OF LABOR STATISTICS
The San Diego region has long been known as a military hub, as well as one of the top tourist destinations in the world. In recent decades, San Diego has developed its own identity as a world leader in innovation.
INNOVATION
The region’s six major universities and more than 80 research institutions receive $1.8 billion in annual federal and philanthropic funding to perform ground-breaking technological and medical research. (Source: San Diego Regional EDC)
MILITARY
San Diego has the largest concentration of uniformed military personnel in the world. The defense industry represents one out of every four jobs in the region and includes leaders in unmanned vehicles, robotics, cyber security and shipbuilding. (source: San Diego Regional EDC)
TOURISM
Each year, San Diego hosts over 34 million visitors who spend approximately $10 billion. This spending impacts more than 181,000 jobs and generates over $16 billion of economic impact. (Source: San Diego Tourism Authority)
SAN DIEGO Rankings
#4 in U.S. Startup Activity in 2016THE EWING MARION KAUFFMAN FOUNDATION
S A N D I E G O R E G I O N A L O V E R V I E WLocated along the Pacific Coast in Southern
California, San Diego is world-famous for its 70
miles of pristine coastline, abundant sunshine
and vast array of tourist attractions and amenities.
As a scenic backdrop in which to live, work
and play, the region is home to residents and
businesses that have transformed San Diego into
an economic powerhouse.
“Magnificent beaches, thriving business centers and extraordinary entertainment & amenities”
5TH MOST POPULOUS COUNTY IN THE NATION
WELL-EDUCATED WORKFORCE
300+ DAYS OF SUNSHINE
$215 BILLION OF GDP (16TH IN U.S) - SOURCE: BEA
3.3 MILLION RESIDENTS
37.4% OF POPULATION WITH BACHELOR’S / ADVANCED DEGREE
$1.6 BILLION OF VENTURE CAPITAL RECEIVED (2017)
BEST WEATHER IN THE COUNTRY
S A N D I E G O A C C O L A D E S#1 City for expected
tech job growth (Robert Half Staffing,
2018)
#1 Concentration of Military/Defense
Assets in the World
(San Diego Military
Advisory Council)
“Best Place to Launch
a Startup” (Forbes 2014)
#3 of 50 metro cities on U.S. Cleantech
Leadership Index(Metro Index 2016)
#1 Lowest Average Commute Times
Among Peer Cities (Talent, Where San
Diego Stands, 2016)
UCSD Ranked #3 Best Public
University in the U.S. & #17
in the World (World University
Rankings 2016)
#1 concentration of scientific R&D Firms
and employment (Talent, Where San
Diego Stands, 2016)
Global Connections – Direct Flights to Tokyo,
London and Shanghai
#1 Most Patented Sports and Active
Lifestyle Sector with 1,200+ Companies
in the Region (San Diego Regional
EDC)
National Geographic’s “World
Smart Cities” – only city in North
America to be selected
(2015)
14 Advanced Industries Produce
$42.1B & Pay $116,600/yr
on Average (Brookings Institute)
80+ Research Institutes in the
Region
San Diego County attracts companies
seeking a well-educated workforce,
multifaceted transportation
infrastructure, desirable quality of life
and access throughout the region and
around the globe.
“One of the Most Dynamic Markets in the Country”
“San Diego: the best combination of outdoor attractions, cultural landmarks, great weather & affordable hotels in the country.”
- Money Magazine
CONVENTIONS & TOURISMSan Diego’s convention and tourism industry is a
core economic driver, employing more than 170,000
people in a variety of positions including lodging, food
service, attractions and transportation.
Popular Attractions
34.9M VISITORS
$10.4B VISITOR SPENDING
2017
Balboa Park
Comic Con
Del Mar Fairgrounds
Gaslamp Quarter
Hotel del Coronado
Legoland
Martin Museum
Petco Park
Port of San Diego
San Diego Zoo
Safari Park
Seaport Village
Seaworld
Torrey Pines
USS Midway
$18.3B ANNUAL ECONOMIC IMPACT
824K ATTENDEES AT THE CONVENTION CENTER
PORT OF SAN DIEGO
Established in 1962 by an Act of the California State Legislature to consolidate management
responsibilities for San Diego Bay, the Port of San Diego is the fourth largest of the 11 ports
in California. The Port oversees two maritime cargo terminals, two cruise ship terminals, 20
public parks, the Harbor Police Department and the leases of hundreds of tenant and sub
tenant businesses around San Diego Bay. The Port of San Diego is an economic engine, an
environmental steward of San Diego Bay and the surrounding tidelands, and a provider of
community services and public safety.
$176M TOTAL 2016 REVENUE
$8.3B CONTRIBUTION TO REGIONAL ECONOMY
63K JOBS SUPPORTED
Bae Systems
Northrop Grumman
General Dynamics
General Atomics
L3 Communications
ViaSat
Ledios
SAIC
Lockheed Martin
Raytheon
Cubic UTC Aerospace Systems
DEFENSE & MILITARYHome to the largest concentration of military in the world
and the largest federal military workforce in the United States,
San Diego’s defense and military industries continue to play a
critical role in the regional economy as well as national security
priorities. 22% of all jobs are a result of defense-related spending
including uniformed military, federal government employees,
and defense contractors, as well as employees in industries
such as healthcare, engineering, construction, food service
and tourism.
$25.2B RECEIVED
IN SPENDING
$50.1B PRODUCED
OF GRP
+340K JOBS
GENERATED
MARINE CORPS AIR FORCE BASE
MIRAMAR
MARINE CORPS BASE CAMP PENDLETON
MARINE CORPS RECRUIT DEPOT
SAN DIEGO
U.S. COAST GUARD STATION
SAN DIEGO
NAVAL BASE SAN DIEGO
NAVAL BASE CORONADO
US COAST GUARD STATION SAN DIEGO conducts Maritime Law Enforcement, enforcing Federal Law from the U.S. border.
Responsible for the initial training of USMC enlisted male recruits living west of the Mississippi River, over 21,000 recruits are trained at MCRD each year.
The US Marine Corps’ prime amphibious training base on the west coast, CAMP PENDLETON is home to the I Marine Expeditionary Force. Amphibious and sea-to-shore training takes place at several key points along the base’s 17 miles of coastline.
Used by both the Navy and Marine Corps for advanced pilot training during World War II, postwar it became famous as the home of the Top Gun program. MCAS MIRAMAR is currently the home base for the 3rd Marine Aircraft Wing, which is the aviation element of the 1st Marine Expeditionary Force.
NAVAL BASE SAN DIEGO is the U.S. Navy’s largest base on the west coast and the principal home port of the Pacific Fleet. Home port to 54 ships, the base has 13 piers that stretch over 977 acres of land and 326 acres of water. The total on-base population is 20,000 military personnel and 6,000 civilians.
Comprised of the Naval Air Station North Island and the Naval Amphibious Base Coronado, the on-base population is 5,000 military personnel and 7,000 students and reservists. Naval Air Station North Island is the home port of two aircraft carriers along with 23 fixed- and rotary-wing squadrons. NAVAL AMPHIBIOUS BASE CORONADO is home to the U.S. Navy’s special and expeditionary\ warfare training and the West Coast base of operations for SEAL teams and Special Boat Units.
25 hospitals in the region.
26,000+ unique healthcare and social assistance establishments.
San Diego healthcare companies provide more than $6.9 billion in annual wages.
Every additional $50 million in health care services spending generates an additional
600 jobs in the San Diego economy.
Over the past five years, more than 8,000 jobs were supported by capital investments made by
the region’s health care services providers.
HEALTHCAREWith one of the nation’s most sophisticated
healthcare industries, San Diego is renowned
for drug development, medical technology,
academic medical centers and clinically-focused
hospitals. The industry is one of the largest and
fastest growing employers in the region.
Health-related jobs account for 10% of all jobs in the region.
KAISER PERMANENTE SCRIPPS HEALTH SYSTEM
SHARP HEALTH SYSTEM UC SAN DIEGO HEALTH SYSTEM
RESEARCH & EDUCATIONHome to world-class research and educational institutions, San
Diego attracts and produces many of the world’s most talented
engineers, scientists and technology professionals. Accordingly, the
region is recognized globally as a center of scientific breakthroughs
and discoveries.
14.4BREGIONAL PRODUCT
GENERATED BY SCIENTIFIC RESEARCH
& DEVELOPMENT
RECEIVED BY RESEARCH INSTITUTIONS EACH YEAR FROM FEDERAL FUNDING
& PHILANTHROPY
PATENTS PER 1,000 WORKERS
$1.8B 3.9
RESEARCH INSTITUTES
• UC San Diego graduates more engineers every year than Stanford and Cal-Berkley combined.
• San Diego gained more than12,000 degree holders in 2016.
• Home to 80 independent and unversity-affiliated research institutes, which directly impact 18,090 jobs.
California State University, San Marcos17,000+ Students
• $10.2 million in external funding supports research, creative activities and programs
• Launching new engineering program that will have bachelor's degrees in software and electrical engineering
• 85% of alumni stay in the local community
National University 30,000+ Students
• 2nd largest private, nonprofit institution of higher education in California
Point Loma Nazarene University3,500+
Students• 60 undergraduate areas of study
San Diego State University36,000+ Students
• 60% of graduates stay in San Diego
• $35+ million in grant funding for community and outreach programs
• 1/7 adults in San Diego who holds a college degree attended SDSU
University of California, San Diego36,400+ Students
• Total research funding more than $1.01 billion
• One of the top 15 research universities worldwide
University of San Diego8,900+
Students
• Private, coeducational, independent institution
• Carnegie classification of “Doctoral/Research University”
EDUCATIONAL INSTITUTIONS
» Benefiting from easy access to South
America and Asia, San Diego is one
of the world’s most attractive cities
for international business.
» Recent additions include a $316
million rental car center and an $812
million expansion of
Terminal 2 with enhancements
and 10 new gates.
» Cross Border Xpress (CBX) is a new
airport terminal that provides access
to the Tijuana International Airport
from the USA side of the border
and serves as a direct connection
through an enclosed pedestrian
skywalk that spans the U.S./Mexico
border.
AIR ROAD SEA RAIL
$9.9BANNUAL ECONOMIC IMPACT
$9.9BVISITOR SPENDING
7TH
BUSIEST AIRPORT IN THE U.S.
+22MANNUAL PASSENGERS
» More than 40% of the nation’s cargo
enters through California seaports
including the Port of San Diego.
» The Port includes hotels, marinas,
businesses, restaurants and public
parks.
» 1 in every 8 imported cars in the
nation enters through the Port of San
Diego.
» Approximately 128,000 of the
region’s jobs are supported by
exports and 55,000 San Diegans
are employed by foreign-owned
enterprises.
4TH LARGEST CA PORT
200+ANNUAL CRUISE SHIPS
20 PUBLIC PARKS
» The San Diego Trolley circles
downtown San Diego and connects
with several communities and the
international border. A new trolley
extension is under construction
that will connect downtown and
university city, including UCSD.
» Coaster operates regional rail service
between Oceanside and
San Diego, serving eight stations
in Oceanside, Solana Beach, and San
Diego.
» The Pacific Surfliner is a 350-mile
Amtrak passenger train route serving
coastal communities between San
Diego and San Luis Obispo. It is
the second-busiest rail route in the
Amtrak system after the Northeast
Corridor.
SAN DIEGO TROLLEY LIGHT RAIL
2/2 MARITIME / CRUISE SHIP TERMINALS
COASTER / METROLINKCOMMUTER RAIL
AMTRAK / PACIFIC SURFLINERREGI0NAL RAIL
163, 52, 905,1 STATE HIGHWAYS
SAN YSIDRO / OTAY MESA PORTS OF ENTRY / BORDER CROSSINGS
5, 805, 15, 8 INTERSTATES
29 BUS ROUTESCITY OF SAN DIEGO METRO TRANSIT
» San Diego ranks #1 for the best
average daily round-trip commute
compared to the 10 largest
metropolitan areas in the nation.
» Interstates 5 and 15 link San Diego to
Mexico and continue as far north as
Canada.
» CBX is the only international border
crossing that connects directly to
an international airport (Tijuana
International Airport).
San Diego’s comprehensive transportation network effectively connects the region with the rest of the world.
AccessTO ORANGE COUNTY
U.S./MEXICO BORDER
TO ARIZONA
Broker Lic. 00409987
© 2019 CBRE, Inc. All rights reserved. This information has been obtained from
sources believed reliable, but has not been verified for accuracy or completeness.
You should conduct a careful, independent investigation of the property and verify all
information. Any reliance on this information is solely at your own risk. CBRE and the
CBRE logo are service marks of CBRE, Inc. All other marks displayed on this document
are the property of their respective owners. Photos herein are the property of their
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owner is prohibited.
C o n t a c t sA L L E N C H I T A Y A T
Lic. 00894356+1 858 546 [email protected]
N A T E P E P P E R
Lic. 01993739+1 858 546 2645 [email protected]
FINANCING
RYAN WILKINSON
Lic. 01367594+1 949 509 [email protected]
S A N D I E G O , C A 9 2 1 0 1
2141FRONT STREET
