FOR SALE An Approximately 20,500 SF Industrial/Warehouse Building in the heart of the Sports Arena Submarket of San Diego, California $2,995,000 As Exclusive Advisor, CB Richard Ellis is pleased to present a opportunity to acquire 100% fee simple interest in 3220 Kurtz St, San Diego, CA 92110. The project includes a single story building consisting of industrial and warehouse space totaling approximately 20,500 SF. Situated on .48 gross acres one block west of Rosecrans Street the project is located in the Sports Arena Industrial submarket of San Diego. This property may function as an Owner/User or Investment opportunity. The current owner operates a printing company and may vacate at closing, or lease back a portion of the property (preferably 8,800 Square Feet). Further, the current owner has the ability to provide seller financing options. The property features 3 dock high loading docks and up to 10 grade level doors. The clear height is 17 Feet for approximately 11,900 Square feet and 12 Feet for the remaining 8,800 Square Feet. Further the roof is steel suspended allowing for no columns throughout the structure. This property is ideal for many uses including warehouse, and distribution, auto and collision repair, manufacturing, or as a show room. Recent rent surveys show a reasonable lease rate for this property to be between $.70 and $.95/SF/Month Triple Net. Industrial space in the Sports Arena Submarket is scarce and is currently at a 0.9% Vacancy rate. The property further lends itself to development opportunities as this location is visible from Rosecrans and benefits from very high traffic counts. The space is easily divisible in to three spaces measuring 8,800, 4,250 and 7,650 Square Feet Respectively. 3220 Kurtz Street holds the IS-1-1 Zoning code in the City of San Diego. The purpose of the IS zone is to provide for small-scale industrial activities within urbanized areas. It is intended that the IS zones permit a wide range of industrial and nonindustrial land uses to promote economic vitality and neighborhood scale in development. The property development regulations of the IS zone are intended to accommodate the development of small and medium sized industrial and commercial activities by providing reduced lot area, landscaping and parking requirements. City of San Diego Municipal Code
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