FOR SALE - High Finish Flex Showroom 4,375-8,750 SF

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CHRIS NELSON SAM SUKUT JAMES RENNER [email protected] [email protected] [email protected] C. 949.280.6217 C.949.939.1219 C.619.596.1880 Lic. 02055962 Lic.02030355 Lic.01308083 PROPERTY DETAILS

ADDRESS 3513 MAIN ST CHULA VISTA, CA 91911 SIZE (SF) 4,375-8,750 SF SALE PRICE $1,159,000 - $2,318,750 ($265 PSF) POWER 200A/120-208V 3P (Per Suite) ROLL UP DOOR 1 Per Suite PARKING 1.46/1,000 SF CLASS B % OFFICE 25% YEAR BUILT 2007 CLEAR HT. 24’ FIRST FLOOR

Orange Ave

Broadway

SECOND FLOOR

3513 MAIN STREET Main Street OPEN TO OPEN TO BELOW BELOW SAN DIEGO COUNTY CHULA VISTA

San Diego County is the south-westernmost county The City of Chula Vista is located at the center of one of the richest San Diego County has the second largest biotech- With more than 100 of the country’s top specialty in . It occupies 4,526 square miles with approx- cultural, economic and environmentally diverse zones in the United nology sector in the country. Over 12.1 million square stores, is an exciting out- imately 70 miles of coastline. Spaniards settled the San States. It is the second-largest City in San Diego County with a pop- feet of ulation of 268,000. Chula Vista boasts more than 52 square miles of door shopping, dining and entertainment destina- Diego County area in 1769 through the founding of Mission wet lab space is concentrated primarily in Torrey coastal landscape, canyons, rolling hills, mountains, quality parks, and tion. This urban, bustling, open-air center features San Diego de Alcala (in Old Town San Diego) and Mission Pines, Sorrento Mesa, Sorrento Valley, UTC, Carlsbad miles of trails. Chula Vista is a leader in conservation and renewable a variety of amenities including a library, outdoor San Luis Rey de Francia in 1798 (in Oceanside). and Oceanside. This sector benefits with its close- energy, has outstanding public schools, and has been named one of cafes, a pet-friendly setting and adjacent dog park, San Diego experienced a population boom during World ties with UCSD, The Scripps Research Institute (TSRI), the top safest cities in the country. food pavilion, fireplace, and “popper” play fountain War II as the U.S. Pacific Fleet was relocated here from The Salk Institute, and The Burnham Institute. Chula Vista has made exceptional advances in preparing the City for for children. Pearl Harbor. San Diego became a key base of operations San Diego has some of the finest climate in the coun- business expansion and attraction, collaborating with Baja California Chula Vista Center in the downtown area boasts for the Marine Corp and the Navy. Bombers were manu- try with moderate temperatures in the mid-70s year- officials, and creating an environment for economic growth and pros- major retailers, dining, movie theaters, and more factured here by Convair during the war. Since the end of round.The temperate weather coupled with incredi- perity. Civic leaders are not stopping there; amassing a large volume than 100 fine specialty shops. And, Third Avenue the war, throughout the cold war, and until present day, San ble destination locations such as the San Diego Zoo of commercial/industrial development lands, pursuing a progressive Village, billed as the cultural center of the city, and Zoo Safari Park, SeaWorld, Legoland, beautiful features historic buildings, unique shops, a weekly Diego has remained the base of operations of numerous business and employment investment policy, and completing acquisi- public beaches, and world class championship golf farmers market, landmark restaurants, and seasonal defense contractors that fuel one of the largest industrial tion of the 375-acre University Park and Innovation District site that will courses make San Diego a top tourist location. outdoor music concerts. sectors of the local economy. Some of the largest defense create even greater opportunities Transportation in San Diego County is concentrated More than 60 well-maintained parks and sports employers include General Dynamics/NASSCO, Northrop for your business in the future. The 535-acre Chula Vista Bayfront around a highly accessible highway network includ- project will transform the area into a thriving residential and world- fields are available for outdoor sports, recreation Grumman, and SPAWAR. ing four interstate highways and numerous state class waterfront resort destination. The plan will activities, and picnics. Tour the Chula Vista Elite highways. Interstates 5, 15, and 805 provide access establish thousands of new jobs, create new public Athlete Training Center and see America’s best At the end of the cold war in the early 1990s, San Diego to cities and communities in the north, central, and parks, protect natural coastal resources, provide athletes. Enjoy 32 acres of water wonder with rides, saw a significant reduction in the defense industry. This southern parts of the county while Interstate 8 con- conference and visitor-serving amenities and build slides, exotic marine animals, and plenty of family included the BRAC closure of the Naval Training Center nects central San Diego with the eastern most cities an important asset for the entire San Diego region. fun at Aquatica, SeaWorld’s Waterpark. Or, hit (NTC) in Point Loma and the General Dynamics facility and communities in the county. San Diego Interna- Miles of trails, coastline, mountains and open the links on one of four challenging yet playable west of SR-163 in Kearny Mesa. Both locations have since tional Airport/Lindbergh Field is the primary airport space beckon runners, hikers, cyclists, birders, and golf courses. From rock and roll to rap to reggae been redeveloped into successful mixed-use projects. The serving business, tourist, and freight traffic.Addition- outdoors enthusiasts from the bay to lakes. Visit - world-class entertainers perform at the Mattress retraining and utilization of these high-skilled and high-tech ally, Amtrak rail service connects San Diego with Los the bayfront with the Sweetwater Marsh National Firm Amphitheatre, San Diego County’s premiere Angeles and coastal cities as far north as San Luis outdoor music venue. former defense workers during this period created a sub- Wildlife Refuge and the Living Coast Discovery Obispo. Finally, light-rail services such as the Coaster Established neighborhoods, contemporary commu- stantial workforce for companies in the communications, Center. The Chula Vista Marina & Yacht Club awaits (coastal cities), the Sprinter (north county cities), and nities, start-up firms, corporations, nationally recog- software, computer and electronic manufacturing indus- kayakers and boaters. Cycle the Bayshore Bikeway the San Diego Trolley (Central San Diego and South nized entertainment venues, the nation’s only warm tries. The defense manufacturing sector still remains a large and see more wonders on San Diego Bay. Shop- Bay) provide daily mass transit options to workers, ping, dining, and entertainment abound with two weather athlete training center, an award winning proportion of the San Diego workforce, but the employ- shoppers, and tourists. major malls and a historic downtown district. nature center and a historic downtown all contrib- ment base has become more diversified. ute to Chula Vista’s attraction for both families and businesses. L A DEMOGRAPHICS

CAL San Diego is the second most populous county in California and ranks fifth in the nation with 3.34 VALL IA California SA 15 million residents as of 2018. By 2020, the population is expected to grow by 4.5% to nearly 3.44 mil- 56 SAN DIEGO INDUSTRIAL lion residents. Population grew by 8.0% from 2010 to 2018. The median age of San Diego County residents is 35.5. Over the next 35 years, the median age is South County continues to be the fastest growing industrial market in San 5 slowly expected to increase to 38.9 by 2050. Minors under 18 years old account for 21.9% of the pop- Diego county. Otay Mesa is one of few areas with industrial inexpensive land ulation while seniors 65 and older account for 14.0%. available for purchase with finished pads selling at $15-$16 per square foot SCIS to the dirt. Vacancy has continued to decline below 5.5 percent, pushing ACH ECONOMICS developers to start their next project in the area. Murphy Development recently delivered the final phase of their Siempre Viva Business park and UTC IAA San Diego’s economy is continuing to grow in almost every measure. More than 80 research institutes are located in San Diego, from Scripps Research Institute to Salk Institute for Biological Studies, in addition to five universities. Kearny Real Estate Co. and Pacific Coast Capital Partners are finishing California California SAT up entitlements and sitework for Phase 1 of the 311-acre Otay Crossings LA LLA 52 52 This cluster of research in the Golden Triangle has created one of the strongest life science cores in the United 805 Commerce Center, the largest industrial development in recent history. 5 States. L Additionally, the County of San Diego purchased 55 acres of raw land in ACIIC A California SA 125 CA South County near Brown Airfield. Companies continue to move to South ACH San Diego is also home to more than 143,000 active duty and civilian military employees. And the defense industry California 15 County with 212,000 square feet of positive net absorption for the quarter. 163 accounts for 22% of jobs in San Diego. The military ecosystem provides economic benefits and stability to the ISSI 8 region unmatched by any other sector and supports cutting edge innovation. It also contributes about 20% to VALL The San Diego industrial market continues proving to investors that it is LA SA the gross regional product. The military presence is also why San Diego has one of the largest concentrations of 8 the most desirable asset class in San Diego. Fundamental metrics of the HILLCST millennials in the country, accounting for 27% of the population. California county are overall very healthy, with vacancy up 10 basis points to 5.6 TH 94 A percent, along with an annual rent rental growth of 6.7 percent. Market rent IT LA 5 In the past 12 months, San Diego has added 30,600 net non-farm jobs. That is an increase of 2.1% since last for the county has remained constant from last quarter, average $1.36 per September. Employment grew by 7,700 in Professional and Business Services, the largest sector gain in the past California square foot. Net absorption for the quarter totaled in at -200,000 square 94 year. More specifically, 6,600 jobs were added in the Professional, Scientific, & Technical Services sector. Trade, feet, which is largely due to the continual consolidation of Qualcomm 805 Transportation and Utilities recorded the largest year-over-year drop, shedding 1,800 jobs. That brought the CA Net Deliveries Net Absorption Vacancy Rate Annual Rate Growth Market Cap Rate offices county-wide. Development and construction starts in the market unemployment rate down to 2.7% in September, dipping from August 3.4% rate. 600,000 14% ATIAL Although the office market is performing well, a number of resident starts are falling behind what is required. The remained consistent with that of last years. This quarter, companies have California 500,000 CIT 54 cost of living and lack of affordable housing in San Diego has led to slowing population growth. It is now almost focused on construction starts in the booming South County market. A 12% ITA 400,000 100,000 square foot industrial building on Airway Road in Otay Mesa began half the rate of what it was earlier this cycle. Data indicates that residents are moving to more cost-friendly areas, 300,000 10% construction in August and is expected to deliver in June 2020. Inventory including Inland Empire, Phoenix, Las Vegas and . 200,000 CHULA for San Diego sits at 122 million square feet with an additional 1.3million 8% VISTA 100,000 under construction. The tech economy in San Diego contributes almost $30 billion annually to the local economy, which is almost 15% 0

of San Diego’s GDP, and employs 140,000 people according to the San Diego Regional Economic Development SQUARE FEET 6% Corp. Those jobs pay an average of $132,000 compared with an average of $63,000 for jobs in the rest of the (100,000) (200,000) 4% 805 economy. Furthermore, Scripps Health has five campuses across the metro and announced that it is spending IIAL 5 (300,000) California $2.6 billion on upgrades to its facilities, further bolstering San Diego as a destination for “medical tourism.” The 2% ACH 905 port, as well, supports more than 40,000 jobs in San Diego and drives more than $8 billion in economic activity. (400,000)

TA SA (500,000) 0% 4Q 2012 4Q 2013 4Q 2014 4Q 2015 4Q 2016 4Q 2017 4Q 2018

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EXCLUSIVELY LISTED BY

Chris Nelson Sam Sukut James Renner Partner Partner President [email protected] [email protected] [email protected] 949.280.6217 949.939.1219 619.596.1880