17th & G LAND OPPORTUNITY East Village 707-723 17TH STREET

17th & G

JOE BRADY BILL SHRADER +1 858 677 5359 +1 858 677 5324 [email protected] [email protected] 17th & G

Colliers International is pleased Investment to present a rare opportunity to acquire a 11,479 SF parcel in Highlights Downtown San Diego’s East Village Neighborhood, one STRONG MARKET IN DEVELOPMENT CYCLE

of the fastest growing urban Prime parcel in the East Village neighborhood, adjacent to the CBD and steps to the Historic Gaslamp Quarter, neighborhoods in Southern PETCO Park and Convention Center. As development . The 17th & G land continues and parking lots disappear, income will increase. is adjacent to the proposed Maker’s Quarter and high IN THE PATH OF FUTURE DEVELOPMENT growth of San Diego’s East Located on one of Downtown’s main ingress/ Village neighborhood. egress points from the north via Highway 163 and I-5. Adjacent to expanding City College and future The daytime and residential population of East Village has grown exponentially Makers Quarter developments. over the last ten years. This can be largely attributed to the development of PETCO Park in 2004 increased popularity of the Historic Gaslamp Quarter and nationally recognized events like Comic Con held at the San Diego Convention EXISTING INCOME WITH DEVELOPMENT POTENTIAL Center. Continued growth in East Village has stemmed from the completion of the new main Library, relocations of Thomas Jefferson School of Law and Property is zoned for mixed-use development with a Sempra Energy Headquarters, the master planned Makers Quarter, the continued minimum 3.5 FAR and a maximum 6 FAR. As there are expansion of San Diego City College, which continues to drive the longer term under-utilized properties adjacent to this property, there demand for residential housing in downtown. is a potential for assemblage that could enhance the long term value to developers. Investor can entitle property The growth of downtown San Diego in the past ten years is consistent with the while drawing existing income from auto repair. national trend that emphasizes a return to the ‘Urban Core’, Suburban residents are downsizing and moving back to the urban areas, while younger generations DIVERSIFIED INTERNATIONAL DRAW/TOURISM are actively seeking urban environments that support their live, work and play lifestyles. The true live/work/play urban lifestyle Downtown San Diego offers is not duplicated anywhere in . Great weather aside, Downtown San Diego is recognized for its incredible location on the , Convention Center and PETCO Park, as supported by This is a prime opportunity to acquire a 11,479 square-foot commercial property the 10 Million annual visitors. The Gaslamp has become for an investor or developer in the heart of downtown San Diego. The very visible the preferred entertainment venue for San Diego County East Village corner location is adjacent to the G Street on-ramp for Highway residents in search of premier shopping and dining. 94 and has the ability to benefit from the exposure Downtown’s continued commitment to the redevelopment and revitalization of its urban core, the expansion of the San Diego Convention Center calendar and events, along with the property’s proximity to the business core and booming East Village residential development 17th & G is ideally positioned for income. ANKERS ALOA PARK HILL ALOA PARK F STREET

LITTLE ITALY

CORTE San Diego High School 1050 B SOUTH PARK Street 17th & G 226 17TH STREET 16TH STREET

A ST Declan Suites 26 Comerica Vantage 1050 B Bank Rey Point Street B Symphony 3 226 Pacific Heights Union Bank Tower 6 27 O Cal San Diego City College B ST B ST Southern Hotel COLUMIA CIVIC CORE Merrill Lynch Arte Bldg HARBOR DR HARBOR DR C ST C ST 1 2 PACIFICPACIFIC HY HY BLVD BLVD KETTNER KETTNER INDIA STINDIA ST COLUMBIACOLUMBIA ST ST ST ST STATE STATE UNION STUNION ST FRONT ST 1 2 3 FRONT ST 3 5 6 7 10 11 11 PARK BLVD 13 1 15 16 15 13 1 10 16 7 6 Trolley PARK BLVD ST RD ND TH TH TH TH TH TH

TH Smart TH TH TH TH AVE TH AVE AVE

AVE Lofts AVE AVE AVE AVE The Block AVE AVE GOLDEN HILL AVE AVE AVE AVE Senior AVE Corner 3 13th & C 150 301 117 G STREET Union Suare 213 BROADAY BROADAY Habour 6th & Washington Makers Mutual Lights Celadon uarter A Broadstone Tower 11th & Urban 20,000 Makers 5 250 Broadway Discovery Gaslamp Salation uarter 61 Army Makers Plaza uarter 26 6 250 E ST E ST Ramada Makers HORTON uarter C Collaboratie City Inn IDEA1 701,000 SF View Property Description Office Hub 25 Keating 00 F St The F11 Makers 2,000 SF Apts PLAZA Hotel Andaz 115 Rowhomes San Diego uarter D 122 35 Pipitone 15 On F 60,000 SF 12 F ST 17 17th & G Lofts Peachtree Newschool of Streetlights ADDRESS 707-723 17th Street at 777 300 Design & Makers Lucia Briad Hotel Architecture Nel F STREET 11 103 East Village Green uarter San Diego, San Diego County, California 92101 Moto 707 G 25 Cielo Comort Inn Villas 16 2 105 3 GASLAMP G ST Market St Land Development Lofts G Lofts Nexus PROPERTY TYPE 13th & Village at 655 West 76 EV 225 Form15 106 300 Market 16th & Grocery Lofts 26 21 Market PARCEL NUMBER 535-180-25-00 Outlet Albertson’s 136 MARKET ST MARKET ST Ritz Carlton M21 Park Island Alpha Element LAND AREA 11,479 SF/.26 Acres Alta Strata 65 Residences The 236 230 Bld Village Suare 17 15 Potiker Mark 120 20 203 200 MARINA/ 7th & Ritz 1 Laundry SHERMAN Island Carlton Lofts EXISTING Single Story Warehouse/Auto Hotel Indigo Parkside Terrace 1 315 160 210 77 HEIGHTS CONVENTION ISLAND AVE ISLAND AVE IMPROVEMENTS Fahrenheit Thomas Jefferson Pinnacle Courtyard Sempra Parklot I II Gaslamp Marriott Tower Urbana 77 School of Law CENTER 120 176 51 Shift City Suare Pendry 0 6 Metro 36 223 Hotel Diamond Entrada Pinnacle TENANTS Solamar TR Metrome Park 13 I Rent Expiration Notes 317 Terrace Bld E 13 GRANT 235 Office 113 1 ST 7,000 SF 107 Sherman Residence ST Heights 5 6 7 10 11 11 PARK BLVD 13 1 15 16 5 15 7 1 13 10 16 6 Inn Diamondiew PARK BLVD Lillian Place HILL

$237.50/mo 4/17/24 30 day notice with TH TH Billboard TH Elementary TH Hacienda TH TH TH TH

TH 7

AVE Tower AVE 15 AVE The AVE AVE AVE AVE AVE AVE Icon Library Townhomes School 17TH STREET valid building permit 16TH STREET 305,000 Alexan The SF 325 Tower Nook East 52 Pioneer Trellis Marriott Legend 226 20 312 Village $2,550/mo 7/31/17 1 - 1-year extention 5 1 17 1 Lease K ST K ST option Park Hilton Terrace Ballpark 22 Hard PETCO 223 Moderna Place Apts Rock Park 33 100 CURRENT Employment / Residential Mixed-Use (ER) 20 L ST ZONING Omni 511 SkyPark This district provides synergies between educational institutions and Village Metropolitan PARK BLVD 720 residential neighborhoods, or transition between the C District and residential HARBOR30 DR neighborhoods. The ER district also encompasses Horton Plaza. A variety of IMPERIAL AVE IMPERIAL AVE Airborne Studio 15 Mandel uses are permitted in this district, including office, residential, hotel, research San Diego 275 St Paul 0 San Diego Future De Vincent and development, educational, and medical facilities. Convention Center Hotel MTS Village 1,00 Lofts 32 G STREET 32 COMMERCIAL ST FAR Min 3.5 | Max 6

Hilton 1,200 LOGAN HEIGHTS F ST

17th & G

15TH ST

16TH ST

17TH ST

G ST OFFERING TERMS MARKET ST PRICE Best Offer

LOT SIZE 11,479

IMPROVEMENTS Auto/Warehouse/Billboard ISLAND AVE PERCENTAGE LEASED 100%

CURRENT GROSS INCOME $33,450/yr The Future The Market Path of Development

East Village, at 325 707-723 17th is located within a block to the master planned Makers Quarter, downtown San Diego’s biggest master planned community. The community’s acres, is downtown’s goal is to be the employment hub for the region and attract well capitalized tech firms. The mixed-use project will also encompass residential, parks and largest neighborhood education. This also represents a major shift in the East Village neighborhood which up to this point has experienced the biggest growth adjacent to the and will experience PETCO Park. the greatest growth in coming years. Makers Quarter Comparable Properties

2.5M SF of Mixed-Use Development with on a block of asset. Sale Price Per Land "FAR "FAR Per Max Property Address Sale Price Proposed Use Date SF Land Area SF MIN" MAX" FAR SF

Nov-16 1141 E Street $14,500,000 $483 25,000 3.5 6.0 $81 Warehouse

Sep-16 370 16th St $10,475,000 $258 40,643 6.0 10.0 $26 Residential Development

Sep-16 7th Ave & A St $13,700,000 $457 30,000 5.0 8.0 $57 Residential Development

Sep-16 1492 K St $3,500,00 $279 12,545 3.5 6.0 $47 Hospitality Development

Aug-16 405 16th St $1,775,000 $237 7,492 5.0 8.0 $30 Residential Development

May-16 812 Park Blvd $7,000,000 $287 24,393 6.0 10.0 $29 Residential Development

Feb-16 1267 11th Ave (2Parcels) $10,900,000 $363 30,056 6.0 10.0 $36 Residential Development

Nov-15 641 17th St $2,200,000 $212 10,402 3.5 6.0 $35 Residential Development

Sep-15 11th Ave @ C St $4,400,000 $195 22,520 N/A N/A Purchase Ground Lease 17th & G Sep-15 325 Park Blvd $12,100,000 $302 40,001 5.0 8.0 $38 Residential Development

Apr-15 16th St $2,000,000 $417 4,791 5.0 8.0 $52 Residential Development

Apr-15 934 16th St $8,015,000 $200 40,075 5.0 8.0 $25 Residential Development Average Price per SF $302 San Diego Zoo 17th & G Balboa Park East Village San Diego City College Gaslamp Central Horton San Diego Business Plaza International Airport Little Italy District Marina District

Union Station/Santa Fe Downtown Depot At a Glance

Residential Population 37,095

Cruise Ship Terminal Daytime Population

USS Midway 64,718 Museum

SAN DIEGO TOURISM SAN DIEGO CONVENTION ATTENDEES ATTRACTIONS Businesses • 32.3 million visited San Diego and spent over $7.98 billion • 766,848 visitors at 148 events at the Convention Center • Historic Gaslamp Quarter • 10 million visited the Gaslamp Quarter • $562 million direct spending & $78 million attendee spending at • Westfield Horton Plaza Regional Mall 3,723 • 4 million visited Seaport Village restaurants/bars • Balboa Theatre • 5 million visited the San Diego Zoo • $1.3 billion economic impact • House of Blues • 2.2 million attendees at PETCO Park • Currently operates at maximum capacity; expansion complete in • Horton Grand Theater • 1.05 million visited the USS Midway Museum 2017 • San Diego Civic Center Total Office SF • 600,000 Ferry passengers across the bay to Coronado • San Diego’s highest volume restaurants are downtown • Spreckels Theatre • 192,165 cruise passengers annually • 2017 San Diego Convention Center & Visitor’s Bureau forecast is • Seaport Village 32.8 million visitors; $8.3 billion visitor spending; $1.9 billion food • $90 million economic impact from home-ported ships • Waterfront Park 10,997,805 and beverage spending; $1.1 billion shopping spending • /Broadway Pier • USS Midway 17th & G

Fantastic Freeway Access

JOE BRADY BILL SHRADER 4350 La Jolla Village Drive Senior Associate Senior Vice President Suite 500 Lic. No. 01908072 Lic. No. 01033317 San Diego, CA 92122 +1 858 677 5359 +1 858 677 5324 Lic. No. 01908588 [email protected] [email protected] colliers.com/sandiego

©2017 Colliers International. Information herein has been obtained from sources deemed reliable, however its accuracy cannot be guaranteed. The user is required to conduct their own due diligence and verification.