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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