MIRMAR GALLERIA OFFERING MEMORANDUM.pdf


Preview of PDF document mirmar-galleria-offering-memorandum.pdf

Page 1 2 3 45617

Text preview


EXECUTIVE SUMMARY






100% Leased Mixed-use Retail & Office Center
Dense Infill Location Along a Prominent Retail Corridor
Separate Traffic Signal to Enter Property
Heavy Traffic Flow – over 50,000 cars per day
(according to 2013 SANDAG figures)
Stable Cash Flow & Diverse Tenant Mix

RC Properties is pleased to present the opportunity to acquire 7122, 7126, and 7128 Miramar Road (“Miramar Galleria”)
in San Diego, CA. Situated on 1.88 acres, Miramar Galleria is a rare 30,921-square foot multi-tenant retail center located
along one of San Diego’s busiest retail corridors. The center is 100% occupied by 11 tenants and consists of four
buildings – a drive through restaurant, a retail pad with frontage on Miramar Road, a retail strip, and a two story
retail/office building. To heighten its already prominent location, the subject property has its own traffic signal with
protected left turn land and signal, which increases activity and exposure to the property.
Miramar Galleria provides investors with the stability in the near tem and long term upside potential by increasing the
in-place leases. The two restaurants, Miramar Café and Santana’s, have long term leases in place with 10 years and 13
years remaining respectively.
While serving as the main retail artery for the area, Miramar Road also connects the I-805 Freeway and the I-15
Freeway creating heavy traffic flow past the subject property. The Miramar Galleria’s central location provides a quick
access to the La Jolla, San Diego International Airport, North County, and downtown San Diego.

Properties