PinnaCLE MUSEUM TowEr Fo or LEaSE - Cassidy Turley...R SALE OR LEASE PINNACLE MUSEUM TOWER 275 WEST...

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Cassidy Turley San Diego Retail Division 401 West A Street, Suite 1810 San Diego, CA 92101 P 619.515.0017 cassidyturley.com/sandiego Retail Division FOR SALE OR LEASE PINNACLE MUSEUM TOWER 275 WEST MARKET STREET, SAN DIEGO CA 92101 Michael Burton 619.237.1401 [email protected] CA Lic. 01763327 Danny Fitzgerald 619.237.1403 danny.fi[email protected] CA Lic. 01404430 Pasquale Ioele 619.237.1408 [email protected] CA Lic. 01488187 Newly built-out suite featuring 1,459 SF to 3,459 SF and multi-floor flexibility Great opportunity to be Downtown with attractive lease rates and incentives Ground floor retail and second floor suite which can be combined or leased separately Available for immediate occupancy Exceptional Downtown Location: Located in the heart of Downtown San Diego and the Marina District Walking distance to the Gaslamp District, East Village and Little Italy Easy access to the I-5 and 163 freeways Surrounded by nearly 4,000 urban homes in the high profile Marina District Two blocks from the waterfront and Ralph’s grocery, 3 blocks from the Convention Center and Horton Plaza Mall and only one block from a Trolley Station Area tenants include Richard Walker’s Pancake House, The Lion’s Share, Union Bank, The New Children’s Museum, LION Coffee, Nutrition Zone, Mak Cleaners, Postal Annex, Kansas City Barbeque and Morton’s Steakhouse FOR SALE OR LEASE Property Highlights: Demographics: 1 MILE 3 MILE 5 MILE Pop. (2012) 33,844 85,781 154,614 Pop. (2017) 36,254 90,541 161,721 AHH Income $52,694 $59,452 $63,556 Daytime Pop. 5,152 7,844 11,495 Sale Price: $485.00 per SF with seller financing available Urban Strategies PINNACLE MUSEUM TOWER Broadway Market St. Pacific Highway Fifth Avenue Convention Center

Transcript of PinnaCLE MUSEUM TowEr Fo or LEaSE - Cassidy Turley...R SALE OR LEASE PINNACLE MUSEUM TOWER 275 WEST...

Page 1: PinnaCLE MUSEUM TowEr Fo or LEaSE - Cassidy Turley...R SALE OR LEASE PINNACLE MUSEUM TOWER 275 WEST MARKET STREET, SAN DIEGO CA 92101 Michael Burton 619.237.1401 michael.burton@cassidyturley.com

Cassidy Turley San Diego Retail Division 401 West A Street, Suite 1810 San Diego, CA 92101 P 619.515.0017 cassidyturley.com/sandiego

Retail Divisionfo

R SALE oR LEASE

PinnACLE MuSEuM ToWER275 WEST MARkET STREET, SAn DiEgo CA 92101

Michael Burton 619.237.1401 [email protected] Lic. 01763327

Danny Fitzgerald 619.237.1403 [email protected] Lic. 01404430

Pasquale Ioele 619.237.1408 [email protected] Lic. 01488187

• newly built-out suite featuring 1,459 Sf to 3,459 Sf and multi-floor flexibility

• great opportunity to be Downtown with attractive lease rates and incentives

• ground floor retail and second floor suite which can be combined or leased separately

• Available for immediate occupancy

Exceptional Downtown Location:• Located in the heart of Downtown San Diego and the

Marina District• Walking distance to the gaslamp District, East Village and

Little italy• Easy access to the i-5 and 163 freeways• Surrounded by nearly 4,000 urban homes in the high profile

Marina District• Two blocks from the waterfront and Ralph’s grocery, 3 blocks

from the Convention Center and Horton Plaza Mall and only one block from a Trolley Station

• Area tenants include Richard Walker’s Pancake House, The Lion’s Share, union Bank, The new Children’s Museum, Lion Coffee, nutrition Zone, Mak Cleaners, Postal Annex, kansas City Barbeque and Morton’s Steakhouse

For SaLE or LEaSE

Property Highlights:

Demographics:1 MiLE 3 MiLE 5 MiLE

Pop. (2012) 33,844 85,781 154,614

Pop. (2017) 36,254 90,541 161,721

AHH income $52,694 $59,452 $63,556

Daytime Pop. 5,152 7,844 11,495

Sale Price: $485.00 per SF with seller financing available

Urban Strategies

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Page 2: PinnaCLE MUSEUM TowEr Fo or LEaSE - Cassidy Turley...R SALE OR LEASE PINNACLE MUSEUM TOWER 275 WEST MARKET STREET, SAN DIEGO CA 92101 Michael Burton 619.237.1401 michael.burton@cassidyturley.com

Cassidy Turley San Diego Retail Division 401 West A Street, Suite 1810 San Diego, CA 92101 P 619.515.0017 cassidyturley.com/sandiego

Retail Divisionfo

R SALE oR LEASE

PinnACLE MuSEuM ToWER275 WEST MARkET STREET, SAn DiEgo CA 92101

Michael Burton 619.237.1401 [email protected] Lic. 01763327

Danny Fitzgerald 619.237.1403 [email protected] Lic. 01404430

Pasquale Ioele 619.237.1408 [email protected] Lic. 01488187

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Suite C-11st Floor 1,459 SF2nd Floor 1,254 SF3rd Floor 746 SF

Suite C-31st Floor 1,039 SF2nd Floor 956 SF

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275 Market Street

Mezzanine 746 Sf

Dansooz Cycle Studio

Page 3: PinnaCLE MUSEUM TowEr Fo or LEaSE - Cassidy Turley...R SALE OR LEASE PINNACLE MUSEUM TOWER 275 WEST MARKET STREET, SAN DIEGO CA 92101 Michael Burton 619.237.1401 michael.burton@cassidyturley.com

Cassidy Turley San Diego Retail Division 401 West A Street, Suite 1810 San Diego, CA 92101 P 619.515.0017 cassidyturley.com/sandiego

Retail Divisionfo

R SALE oR LEASE

PinnACLE MuSEuM ToWER275 WEST MARkET STREET, SAn DiEgo CA 92101

Michael Burton 619.237.1401 [email protected] Lic. 01763327

Danny Fitzgerald 619.237.1403 [email protected] Lic. 01404430

Pasquale Ioele 619.237.1408 [email protected] Lic. 01488187

275 WEST MARkET ExTERioR / inTERioR

Page 4: PinnaCLE MUSEUM TowEr Fo or LEaSE - Cassidy Turley...R SALE OR LEASE PINNACLE MUSEUM TOWER 275 WEST MARKET STREET, SAN DIEGO CA 92101 Michael Burton 619.237.1401 michael.burton@cassidyturley.com

Cassidy Turley San Diego Retail Division 401 West A Street, Suite 1810 San Diego, CA 92101 P 619.515.0017 cassidyturley.com/sandiego

Retail Divisionfo

R SALE oR LEASE

PinnACLE MuSEuM ToWER275 WEST MARkET STREET, SAn DiEgo CA 92101

Michael Burton 619.237.1401 [email protected] Lic. 01763327

Danny Fitzgerald 619.237.1403 [email protected] Lic. 01404430

Pasquale Ioele 619.237.1408 [email protected] Lic. 01488187

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www.cassidyturley.com/san diego

Carlsbadp 760.431.4200f 760.454.3869

San Diego Downtownp 619.515.0017f 619.515.0020

San Diego UTCp 858.546.5400f 858.630.6320

Otay Mesap 619.661.0657f 619.661.1869

East Countyp 619.462.4500f 619.462.7100

Cassidy Turley San Diego would like to thank CCDC for their assistance with the map.

Copyright © 2004-2012 Cassidy Turley San Diego

Downtown San Diego

Cassidy Turley San Diego, as a multi-discipline company, offers the entrepreneur, developer, investor, property owners and tenants the full spectrum of commercial brokerage services. Cassidy Turley San Diego is committed to providing an unparalleled level of service, responsiveness and results for our clients in order for their goals to be fully realized. We strive to provide assistance as efficiently and effectively as possible to optimize our clients’ position in real estate transactions.

The map above is provided as a service to friends and clients of Cassidy Turley San Diego. We have made efforts to ensure that the information contained herein is correct at the time of publication, but we do not make any representations or guarantees as to its accuracy. The information contained herein has been assembled from sources we believe to be accurate, but Cassidy Turley San Diego cannot assume any liability for omissions or mistakes.

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PinnaCLE MUSEUM TowEr

Page 5: PinnaCLE MUSEUM TowEr Fo or LEaSE - Cassidy Turley...R SALE OR LEASE PINNACLE MUSEUM TOWER 275 WEST MARKET STREET, SAN DIEGO CA 92101 Michael Burton 619.237.1401 michael.burton@cassidyturley.com

Cassidy Turley San Diego Retail Division 401 West A Street, Suite 1810 San Diego, CA 92101 P 619.515.0017 cassidyturley.com/sandiego

Retail Divisionfo

R SALE oR LEASE

PinnACLE MuSEuM ToWER275 WEST MARkET STREET, SAn DiEgo CA 92101

Michael Burton 619.237.1401 [email protected] Lic. 01763327

Danny Fitzgerald 619.237.1403 [email protected] Lic. 01404430

Pasquale Ioele 619.237.1408 [email protected] Lic. 01488187

Executive Summary275 West Market St., San Diego, CA 92101 Prepared by Cassidy Turley275 W Market St, San Diego, CA, 92101 Latitude: 32.71136Rings: 1, 2, 3 mile radii Longitude: -117.16533

1 mile 2 miles 3 milesPopulation

2000 Population 18,523 72,048 141,579

2010 Population 32,770 84,062 152,392

2012 Population 33,844 85,781 154,614

2017 Population 36,254 90,541 161,721

2000-2010 Annual Rate 5.87% 1.55% 0.74%

2010-2012 Annual Rate 1.44% 0.90% 0.65%

2012-2017 Annual Rate 1.39% 1.09% 0.90%2012 Male Population 60.4% 56.9% 56.2%2012 Female Population 39.6% 43.1% 43.8%2012 Median Age 37.2 34.3 33.8

In the identified area, the current year population is 154,614. In 2010, the Census count in the area was 152,392. The rate of change since2010 was 0.65% annually. The five-year projection for the population in the area is 161,721 representing a change of 0.90% annually from2012 to 2017. Currently, the population is 56.2% male and 43.8% female.

Median Age

The median age in this area is 33.8, compared to U.S. median age of 37.3.

Race and Ethnicity2012 White Alone 67.6% 65.9% 65.7%

2012 Black Alone 10.0% 7.9% 7.1%2012 American Indian/Alaska Native Alone 0.9% 0.9% 0.8%2012 Asian Alone 7.8% 5.1% 4.7%2012 Pacific Islander Alone 0.3% 0.3% 0.3%2012 Other Race 8.9% 15.5% 16.9%2012 Two or More Races 4.6% 4.5% 4.5%2012 Hispanic Origin (Any Race) 22.9% 33.9% 36.0%

Persons of Hispanic origin represent 36.0% of the population in the identified area compared to 16.9% of the U.S. population. Persons ofHispanic Origin may be of any race. The Diversity Index, which measures the probability that two people from the same area will be fromdifferent race/ethnic groups, is 76.3 in the identified area, compared to 61.4 for the U.S. as a whole.

Households

2000 Households 9,285 27,378 55,2292010 Households 17,823 36,530 64,3462012 Total Households 18,554 37,586 65,7462017 Total Households 20,051 40,073 69,3492000-2010 Annual Rate 6.74% 2.93% 1.54%2010-2012 Annual Rate 1.80% 1.27% 0.96%2012-2017 Annual Rate 1.56% 1.29% 1.07%2012 Average Household Size 1.49 1.91 2.03

The household count in this area has changed from 64,346 in 2010 to 65,746 in the current year, a change of 0.96% annually. The five-yearprojection of households is 69,349, a change of 1.07% annually from the current year total. Average household size is currently 2.03,compared to 2.04 in the year 2010. The number of families in the current year is 24,669 in the specified area.

March 19, 2013

Made with Esri Business Analyst©2013 Esri www.esri.com/ba 800-447-9778 Try it Now! Page 1 of 2

Data Note: Income is expressed in current dollarsSource: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2012 and 2017. Esri converted Census 2000 data into 2010 geography.

Executive Summary275 West Market St., San Diego, CA 92101 Prepared by Cassidy Turley275 W Market St, San Diego, CA, 92101 Latitude: 32.71136Rings: 1, 2, 3 mile radii Longitude: -117.16533

1 mile 2 miles 3 milesMedian Household Income

2012 Median Household Income $26,810 $34,513 $38,5062017 Median Household Income $29,973 $38,890 $44,9952012-2017 Annual Rate 2.26% 2.42% 3.16%

Average Household Income

2012 Average Household Income $52,694 $59,452 $63,5562017 Average Household Income $62,066 $69,199 $74,1632012-2017 Annual Rate 3.33% 3.08% 3.14%

Per Capita Income

2012 Per Capita Income $34,798 $31,472 $31,5732017 Per Capita Income $39,964 $35,937 $36,2912012-2017 Annual Rate 2.81% 2.69% 2.82%

Households by Income

Current median household income is $38,506 in the area, compared to $50,157 for all U.S. households. Median household income isprojected to be $44,995 in five years, compared to $56,895 for all U.S. households

Current average household income is $63,556 in this area, compared to $68,162 for all U.S households. Average household income isprojected to be $74,163 in five years, compared to $77,137 for all U.S. households

Current per capita income is $31,573 in the area, compared to the U.S. per capita income of $26,409. The per capita income is projected tobe $36,291 in five years, compared to $29,882 for all U.S. households Housing

2000 Total Housing Units 10,301 29,546 59,5692000 Owner Occupied Housing Units 1,008 6,208 15,5972000 Owner Occupied Housing Units 8,277 21,171 39,6322000 Vacant Housing Units 1,016 2,167 4,340

2010 Total Housing Units 22,153 42,726 73,4952010 Owner Occupied Housing Units 4,547 10,102 19,5202010 Renter Occupied Housing Units 13,276 26,428 44,8262010 Vacant Housing Units 4,330 6,196 9,149

2012 Total Housing Units 22,511 43,322 74,4392012 Owner Occupied Housing Units 4,404 9,734 18,6932012 Renter Occupied Housing Units 14,150 27,852 47,0532012 Vacant Housing Units 3,957 5,736 8,693

2017 Total Housing Units 23,572 45,200 77,2522017 Owner Occupied Housing Units 4,719 10,509 20,0342017 Renter Occupied Housing Units 15,332 29,565 49,3152017 Vacant Housing Units 3,521 5,127 7,903

Currently, 25.1% of the 74,439 housing units in the area are owner occupied; 63.2%, renter occupied; and 11.7% are vacant. Currently, inthe U.S., 56.5% of the housing units in the area are owner occupied; 32.1% are renter occupied; and 11.4% are vacant. In 2010, therewere 73,495 housing units in the area - 26.6% owner occupied, 61.0% renter occupied, and 12.4% vacant. The annual rate of change inhousing units since 2010 is 0.57%. Median home value in the area is $377,711, compared to a median home value of $167,749 for the U.S.In five years, median value is projected to change by 3.50% annually to $448,692.

March 19, 2013

Made with Esri Business Analyst©2013 Esri www.esri.com/ba 800-447-9778 Try it Now! Page 2 of 2

Data Note: Income is expressed in current dollarsSource: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2012 and 2017. Esri converted Census 2000 data into 2010 geography.

DEMogRAPHiCS

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The information contained herein has been obtained from the owner of the property or from other sources we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it.