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535 Florence St
Imperial Beach, CA 91932

$6,500,000 USD

Freestanding For Sale  •  15,000 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 14,915 SF
  • Lot Size 0.85 AC
  • Building Class B
  • Year Built 2017
  • Cap Rate 6.50 %
  • Tenancy Multiple
  • Zoning M
41 Transit Score
73 Walk Score

Highlights

100% Occupied 2-Tenant Strip - New 10- Year Term for NOVO Brewery - High-Quality 2-Tenant NNN Investment Offering Built-In Rent Growth.
Current Inline Tenant Rent Is Substantially Below Market, Creating Immediate Mark-to-Market Potential Upon Renewal or Re-Tenanting.
Prime Coastal Location Minutes from the Beach - Positioned Just Blocks from Imperial Beach Shoreline, benefiting from Strong Year-Round Foot Traffic.
Immediate Access to Bayshore Bikeway Trail System - Situated Near the Renowned 24-Mile Scenic Trail Connecting Imperial Beach to Coronado & Downtown.
Located in One of San Diego’s Fastest-growing Coastal Markets - Imperial Beach has Undergone Significant Revitalization.
Strong Local Population Growth and Demand Drivers - Densely Populated and Affluent San Diego Location.
Cap Rate: 6.50 %

Major Tenants

Tenant SF Occupied Lease End Date
NOVO Brazil Brewing 7,632 SF 1/31/2036
Rad Power Bikes 7,283 SF 7/31/2026

Public Transportation

AirportDriveWalkDistance
San Diego International 22 min - 15.9 mi
Alvin Mansour 858-373-3184 The Mansour Group of Marcus & Millichap
Alvin Mansour 858-373-3184 The Mansour Group of Marcus & Millichap