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6172-6196 University Ave
San Diego, CA 92115 Rolando

$6,000,000 USD

Storefront For Sale  •  20,934 SF

Property Details

  • Property Type Storefront
  • Total Building Size 20,934 SF
  • Lot Size 0.82 AC
  • Building Class C
  • Year Built 1970
  • Tenancy Multiple
  • Zoning CC-4-3
60 Transit Score
60 Walk Score

Highlights

94% occupied retail and mixed-use investment asset at the signalized corner of University Avenue and College Avenue.
Current NOI of approximately $435,018 with proforma NOI of approximately $497,249, representing a 7.25% current cap rate and 8.29% proforma cap rate.
Diversified income stream across 30 revenue-generating units with retail, warehouse bays, small bays, and an apartment.
Recent leasing momentum with six leases signed in 2025 and one additional new lease in 2026, demonstrating strong tenant demand along the corridor.
Major 2024-2025 capital improvements, including fire/life-safety upgrades, ADA work, stormwater BMP compliance, electrical improvements, and plumbing.
High-visibility University Avenue location with approximately 30,000+ vehicles per day, strong transit access, and proximity to SDSU, I-8, & Mid-City.

Amenities

  • Corner Lot
  • Signage
  • Signalized Intersection
  • Storage Space
  • Air Conditioning

Public Transportation

Commuter RailDriveWalkDistance
San Diego (Santa Fe Depot) (Coaster - San Diego North County Transit District (Coaster/Sprinter/Breeze)) 14 min - 9.4 mi
AirportDriveWalkDistance
San Diego International 19 min - 11.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 28
Type: Surface
Included in Rent: Yes
Erik Egelko 619-679-9017 Palm Tree Properties
Erik Egelko 619-679-9017 Palm Tree Properties