Ground Lease Appraisal in San Diego

Commercial-Real-Estate-AppraiserIRR San Diego has completed a commercial appraisal of a property subject to a ground lease located in the Mission Bay area of San Diego. The subject consists of two parcels totaling 2.99 acres. Though the property is improved for automotive use, our valuation was of the site only. This appraisal included an analysis of the income, both from a direct capitalization and discounted cash flow analysis standpoint. The purpose of this commercial valuation was for loan underwriting purposes for a lender

If you have any ground lease valuation questions or needs, please contact us today at 858-259-4900 or sandiego@irr.com.

Ground Lease Appraisal

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IRR San Diego has completed a commercial appraisal of a retail property subject to a ground lease in La Mesa, San Diego County. The ground leased property contains a total site are of 7.68 acres and is improved for retail and hospitality use. The purpose of this commercial valuation was for loan underwriting purposes for a lender.

Waterfront/Sandwich Leasehold Appraisal

Waterfront-appraisal-coronado-san-diegoIntegra San Diego has completed a commercial appraisal of a waterfront property located in Coronado in San Diego County. The property consists of three different property types: a 4,500 square foot office building, a 9,200 square foot restaurant building, and a 20,000 square foot vacant pad. The total site area is about 7 acres. As a waterfront property, parts of the subject are either underwater or not. In this case, the site consists of a filled upland parcel (also known as a land parcel) and a submerged tideland parcel (also known as a water area parcel).

As with most waterfront properties in San Diego, this property is subject to a ground lease.  The subject is 100% owner-occupied by the master ground lease, and the restaurant is 100% subleased to a single tenant. The purpose of this commercial valuation was for loan underwriting purposes for a lender.

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