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701 Island Ave
San Diego, CA 92101 East Village

$8,000,000 USD

Loft Creative Space For Sale • 18,178 SF

Property Details

Property Type Loft Creative Space
Total Building Size 18,178 SF
Lot Size 0.12 AC
Building Class B
Year Built 1925
Cap Rate 7.71 %
Tenancy Multiple
Zoning CCPD-ER

82 Transit Score

99 Walk Score

                
                    Highlights
                
                                UNPARALLELED SIGN EXPOSURE!  TWO BUILDING-TOP SIGN POSITIONS AVAILABLE, ONE FACING 7TH AVE AND ONE ON ISLAND AVE, PROVIDING HIGH VISIBILITY
                            
                                The building's signs will be seen by the 3.5 million people who annually visit Petco Park, 2 blocks away.  On intersection with 23,200 cars per day
                            
                                An owner/user could obtain desirable SBA 504 financing, downpayment of just 10%, long-term below-market fixed rate financing
                            
                                The projected owner/user's net occupancy cost, after collecting rents and writing off expenses, would be approx $.75 per SF per month
                            
                                “Retro Chic” property built 1925, original hardwood floors, operable windows, modernized with new TPO roof, new elevator, restrooms, & internet 
                            
                                Class A+ location in trendy East Village, blocks from Gaslamp Quarter, Petco Park, the Convention Center, restaurants, and nightlife

Property Flyers

Sales Brochure, 701 Island Ave, San Diego

Financial Summary (Proforma)

Net Operating Income: $616,796 USD (2025)

Cap Rate:	7.71 %
Total Expenses:	$223,959 USD

Major Tenants

Tenant	SF Occupied	Lease End Date
Gap Intelligence	4,886 SF	9/30/2028
JCKL Holdings, Inc.	4,886 SF	9/30/2028
Noonan Lance Boyer & Banach, LLP	4,873 SF	12/31/2026

Amenities

24 Hour Access
Controlled Access
Restaurant
Security System
Signage
Wheelchair Accessible
Air Conditioning

Public Transportation

Commuter Rail	Drive	Walk	Distance
San Diego (Santa Fe Depot) (Coaster - San Diego North County Transit District (Coaster/Sprinter/Breeze))	3 min	-	1.3 mi
Old Town Transit Center (Coaster - San Diego North County Transit District (Coaster/Sprinter/Breeze))	8 min	-	4.4 mi
Transit/Subway	Drive	Walk	Distance
Park and Market (Blue Line - San Diego Metropolitan Transit System Trolley (San Diego Trolley), Orange Line - San Diego Metropolitan Transit System Trolley (San Diego Trolley))	1 min	6 min	0.3 mi
Gaslamp Quarter (Orange Line - San Diego Metropolitan Transit System Trolley (San Diego Trolley))	2 min	8 min	0.4 mi
Convention Center (Orange Line - San Diego Metropolitan Transit System Trolley (San Diego Trolley))	2 min	8 min	0.4 mi
5th Avenue (Blue Line - San Diego Metropolitan Transit System Trolley (San Diego Trolley), Orange Line - San Diego Metropolitan Transit System Trolley (San Diego Trolley))	3 min	10 min	0.5 mi
City College (Blue Line - San Diego Metropolitan Transit System Trolley (San Diego Trolley), Orange Line - San Diego Metropolitan Transit System Trolley (San Diego Trolley))	2 min	13 min	0.6 mi
Airport	Drive	Walk	Distance
San Diego International	9 min	-	3.8 mi

Andrew Meyers 858-519-3240 Avison Young

701 Island Ave San Diego, CA 92101 East Village