Available For Sale - Industrial , Warehouse

36,300 SF | Show Pricing $

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LISTED BY

Chris Holder
Colliers International (USA), 619-871-9028
Mark Lewkowitz
Colliers International, 858-677-5361
Lauren Smyle
Colliers International, 619-807-5648
Will Holder
Colliers International, 858-677-5341

AVAILABILITY DETAILS

Size
36,300 SF
Price/SF
Show Pricing $
Listing ID
SA556984
Notes
Colliers, as exclusive advisor, is pleased to present the

exceptional opportunity to acquire Bay Bridge Center:

1943 – 1991 Main Street, San Diego, CA 92113 “The

Property,” a four-building 36,300 SF multi-tenant industrial

project strategically located on 2.12 acres in the valuable

Harbor/Downtown submarket, adjacent to a trolley stop.

The Property features grade and dock level loading, Harbor

Drive exposure, and excellent access to all of San Diego

County.

For Investors - The Property is currently 100% leased to

6 tenants, delivering solid, in-place cash flow from a

diverse rent roll. Over a thirty year average, the Property

has performed at a 100% occupancy history. With in-place

leases approximately 30% below market, there is substantial upside opportunity to increase rent in the next two to

three years.

For Users - With 6,000 SF available now and other leases

expiring over the next 1 to 3 years, plus ample yard space,

Bay Bridge Center is a great opportunity for a company to

operate a facility in the prime Harbor/Downtown area.





4 Buildings 2.12 Acres

36,300 SF

Multi-Tenant

Commercial & Industrial

Project

Excellent Access to

All of San Diego County

Secure Yard Area

Adjacent to

Trolley Stop

Harbor Drive

Exposure



Investment Highlights

Bay Bridge Center is located at 1943 – 1991 Main Street, San Diego, CA 92113 in San Diego, California. An extremely dense

infill location with high barriers to entry, this 36,300 SF multi-tenant industrial/commercial center encompasses four

buildings on two separate parcels totaling ±2.12 acres of land. Bay Bridge Center fronts highly trafficked Harbor Drive

(12,002 Cars Per Day (ADT), located in the heart of Central San Diego with excellent street visibility.

Harbor-Bayfront Industrial Market Overview

The San Diego Harbor/Bayfront Industrial Market is comprised of industrial buildings concentrated in and around the

Downtown San Diego submarket, including the Sports Arena, Barrio Logan, and National City submarkets. This industrial

base of over 14.3 million square feet is highly diversified and comprised of manufacturing, warehouse, distribution, service,

and multi-tenant space. This diversity extends to the tenant and industry composition which includes defense manufacturing,

building materials and supplies, technology, food services and distribution, and logistics to name a few. This market makes

up nearly a tenth (9.8%) of San Diego County’s overall industrial base.

Most importantly, the Harbor/Bayfront Market has direct proximity to San Diego International Airport, Naval Base

San Diego, the two major ship building facilities (NASSCO-General Dynamics and BAE).

The market area has some of the most accessible space in the county. Accessibility is served by Interstates 5, 8, 15, and

805 as well as State Highways 54 and 94. The San Diego Trolley Blue Line provides primary service along these coastal

submarkets as well as being a nexus for the Orange and Green Lines which serve Southeast San Diego and Mission Valley,

respectively. All three lines meet and extend out from Downtown San Diego.



Product Type Multi-Tenant Commercial

RBA ±36,300 SF in four (4) Buildings

Land Area ±2.12 Acres (±92,347 SF)

Leased 100%

Rents Current rents 30% below market

Lease Structure AIR Industrial

No. of Tenants 6

Grade-Level Doors 5

Dock Doors 5

Zoning C0-2-1 City of San Diego

Clear Height 16’ - 20’

APN 538-670-28-00, 538-670-35-00

No. of Stories 1

Location Immediate access to I-5 and Harbor Drive

Located on Main Street

Street Frontage 400’ on Main Street & Harbor Drive

Existing NOI: Approximately $450,000

Projected NOI: $700,000

Price $11,200,000
Uses
Industrial
Warehouse

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Chris Holder, Colliers International (USA)
BRE# 894854