LOCATED IN THE OF POINT LOMA

STREAM REALTY PARTNERSLOMA STARR OFFERING MEMORANDUM

E X E C U T I V E S U M M A R Y Loma Starr is a freestanding single tenant office/retail building located near the entry to Liberty Station in Point Loma. Built in 1958 with recent upgrades to building exterior and landscaping, Loma Starr has been rebranded mid-century modern to give it a distinct look and feel. The space is 5,172 SF and is in warm shell condition, ready to be transformed into a great space that is uniquely yours. This building is a great freestanding building for owner user with dedicated, secure subterranean parking. It Is centrally located on Rosecrans with frontage and street visibility and a high traffic intersection, comes with exclusive signage and great access.

PROPERTY HIGHLIGHTS

DOWNTOWN

LIBERTYSTATION

CORONADOBRIDGE

SAN DIEGOINTERNATIONAL

AIRPORT

YOUR NAME

PROPERTY SIZE5,172 SF

PARKING6 subterranean spots & street

parking

YEAR BUILT1958

ZONING C-N (Retail, Office

& CommercialServices)

LOCATIONAcross the street

from Liberty Station

PUBLIC TRANSITConveniently

located near MTS bus stops

EXCLUSIVE Signage Available


SIGNAGE OPPORTUNITY

6+ UNDERGROUNDPARKING SPACES


H Y P OT H E T I C A L F LO O R P L A N S

*Tenant has exlusive use of outdoor space

**Not Shown – 800 square feet of usable basement space and subterranean parking

HYPO FLOORPLAN 1

HYPO FLOORPLAN 2


L E A S E V S B U Y A N A LY S I SBUY

PURCHASE ASSUMPTIONSSize (Square Feet) 5,127

Purchase Price + Capital Improvements $2,710,670

PSF $529

START-UP COSTSDown Payment of 20.00% $542,134

Closing Costs $43,371

Total Cost (out of pocket) $585,505MONTHLY COSTS* PSF/MO. $AMOUNT/MO.

Mortgage Payment ($2.23) ($11,446)

Cell Phone Income $1.32 $6,774

Operating Expenses / CAM ($0.28) ($1,444)

Property Taxes ($0.47) ($2,403)

Insurance ($0.09) ($470)

Utilities ($0.20) ($1,025)

Total Monthly Costs ()$1.95) ($10,015)

*assumed loan of 30 years and 4% rate

MONTHLY OWNERSHIP BENEFITS (ESTIMATED YR 1) PSF/MOOperating Cash Flow

Operating Cash Flow Before Debt & Reserves $0.28 $1,431

Debt Repayment (principal) ($0.84) ($4,296)

Debt Repayment (interest) ($1.39) ($7,150)

Reserves ($0.80) ($427)

Cash Flow Before Tax ($2.04) ($10,442)

Ownership BenefitsDebt Repayment (principal) $0.84 $4,296

Depreciation and Interest Tax Benefit $0.32 $1,645

After Tax and Principal Cash Flow ($0.88) ($4,501)

Other BenefitsAvg. Monthly Appreciation* $6,777

Appreciation Value in 10 Years $3,642,914

*average appreciation assumed at 3% annually.Explanation: With the current assumptions, if you are occupying 5,127 SF in a 5,127 SF building, as an owner user, you can expect your after tax monthly cash flow to be -$3,584. However, this does not account for appreciation of the real estate, which is estimated to be $6,777 monthly.

LEASELEASE ASSUMPTIONS

Size (Square Feet) 5,127

Lease Rate (SF/Month) $2.15 PSF/Mo.

Monthly Rent $11,023

START-UP COSTS2 Mo. Prepaid Rent / Security Deposit $36,429

Improvements —

Total Cost (out of pocket) $36,429MONTHLY COSTS* PSF/MO. $AMOUNT/MO.

Lease Rate ($2.15) ($11,023)

Operating Expenses / CAM ($0.28) ($1,444)

Property Taxes ($0.47) ($2,403)

Insurance ($0.09) ($470)

Utilities ($0.20) ($1,025)

Total Monthly Costs ($3.19) ($16,366)

MONTHLY LEASE BENEFITS (ESTIMATED YR 1) PSF/MOCash Flow from Tenancy

Base Rent ($2.15) ($11,023)

CAM ($0.28) ($1,444)

Taxes ($0.47) ($2,403)

Insurance ($0.09) ($470)

Utilities ($0.20) ($1,025)

Cash Flow Before Tax ($3.19) ($16,366)

+ Income Taxes Benefit / (Expense) $0.73 $3,764

+ Suite Build Out Benefit (5 yr depreciation) $ —

After Tax Cash Flow ($2.46) ($12,601)Explanation: With the current assumptions, if you are occupying 5,127 SF in a 5,127 SF building, as only a tenant, you can expect your after tax monthly cash flow to be -$12,601. There is no appreciation when leasing space, but initial capital requirements may be less.


D E M O G R A P H I C SRADIUS 1 MILE 3 MILE 5 MILE

POPULATION2024 Projection 36,537 128,393 370,902

2019 Estimate 33,096 122,403 356,276

2010 Census 17,462 102,703 314,774

Growth 2019-2024 10.40% 4.89% 4.11%

Growth 2010-2019 89.53% 19.18% 13.18%

2018 POPULATION BY HISPANIC ORIGIN 8,192 20,889 76,8742019 POPULATION 33,096 122,403 356,276

White 21,758 (65.784%) 99,125 (80.98%) 281,990 (79.15%)

Black 5,079 (15.35%) 7,681 (6.28%) 23,264 (6.53%)

Am. Indian & Alaskan 404 (1.22%) 1,106 (0.90%) 3,758 (1.05%)

Asian 2,781 (8.40%) 7,688 (6.28%) 29,408 (8.25%)

Hawaiian & Pacific Island 312 (0.94%) 605 (0.49%) 1,635 (4.55%)

Other 2,762 (8.35%) 6,198 (5.06%) 16,219 (4.55%)

U.S. Armed Forces 7,320 10,006 20,692

HOUSEHOLDS2024 Projection 10,796 53,949 169,387

2019 Estimate 9,874 51,948 162,998

2010 Census 5,855 46,662 145,836

Growth 2019-2024 9.34% 3.85% 3.92%

Growth 2010-2019 68.64% 11.33% 11.77%

Owner Occupied 2,194 (22.22%) 20,425 (39.32%) 54,019 (33.14%)

Renter Occupied 7,679 (77.77%) 31,523 (60.68%) 108,979 (66.66%)

2019 HOUSEHOLDS BY HH INCOME 9,872 51,949 162,997Income: <$25,000 1,466 (14.85%) 7,380 (14.21%) 27,904 (17.12%)

Income: $25,000-$50,000 2,458 (24.90%) 9,337 (17.97%) 28,870 (17.71%)

Income: $50,000-$75,000 2,374 (24.05%) 9,055 (17.43%) 29,076 (17.84%)

Income: $75,000-$100,000 1,338 (13.55%) 6,947 (13.37%) 21,689 (13.31%)

Income: $100,000-$125,000 760 (7.70%) 5,925 (11.41%) 16,878 (10.35%)

Income: $125,000-$150,000 438 (4.44%) 3,643 (7.01%) 11,054 (6.78%)

Income: $150,000-$200,000 539 (5.46%) 4,135 (7.96%) 12,701 (7.79%)

Income: $200,000+ 499 (5.05%) 5,527 (10.64%) 14,825 (9.10%)

2019 AVG HOUSEHOLD INCOME $76,667 $101,013 $94,7312019 MED HOUSEHOLD INCOME $62,263 $75,729 $71,331


A R E A O V E R V I E W S U M M A R YThe Midway district of San Diego is currently undergoing a massive redevelopment. With a focus on making the community less industrial

and more residential, San Diego is re-aligning blocks of industrial properties with new streets, bike lanes, and shopping plazas. One

of the major redevelopments of this area would be the 52- year old sports arena anchored in the heart of the district. The city plans on

turning the stadium into either a massive mixed-use development, allowing for further residents and experiential entertainment for the

community, or a redesigned modern arena to allow for future events and possible future sporting teams. Although this redevelopment will

increase overall traffic congestion in the district, the city plans to combat this by improving public transportation, walkways, and provide

bike lanes on streets. In addition, Hammer Ventures, a commercial real estate developer, recently proposed a massive redevelopment of

the old Midway Post Office. This 16-Acre site will be transformed into 230,000 square feet of class-A office. The over 1 million square feet

of unused industrial space will also undergo a massive revitalization. The Navy Old Town Complex Revitalization project, a revitalization of

70-Acres of land, will be transformed into a mixed-use development focusing on both county and airport serving transportation.

POST OFFICE REDEVELOPMENT

LIBERTY STATION

NAVWAR REDEVELOPMENT8

ROSECRANS ST. | 46,000 CPD

5

5


N E A R B Y A M E N I T I E SPOINT LOMA PLAZA

SPORTS ARENA SQUARE

LOMA SQUARE

LIBERTY STATION

LIBERTY PUBLIC MARKET

• Buffalo Wild Wings• Vons

• Starbucks• 24 Hour Fitness

• Target• Ralphs• The Home Depot• El Pollo Loco• Broken Yolk Cafe• EPIC Wings N Things• Olive Garden

• Starbucks• Chipotle• Noodls and Co.• Jersy Mike’s• Rubio’s• Georgia’s Greek

Cuisine

• Cafe Rio• Cookie Cutters• CVS• Einstein Bros.

Bagels• Guahan Grill

• Jamba Juice• Native Foods• Pick Up Stix• Sprouts Farmers

Market• Wingstop

• Corvette Diner• Five Guys• Luna Grill• Slater’s 50/50• Trader Joe’s• Soda & Swine• Nekter Juice Bar• Point Loma Tea• Stone Brewing World

Bistro & Gardens

• Liberty StationCleaners

• Postal Annex• Vons• Fitness Together• Point Loma Ports

Club• Sparkcycle• Courtyard Marriott• Hampton Inn & Suites

• Landini’s Pizzeria• The Pig’s Gig• Rakiraki Ramen• Roma Express• Crafted & Scooped• Cecilia’s Taqueria

• Wicked MaineLobster

• Mastiff Sausage Co.• Can Patch Kitchen• Mama Made Thai• Local Greens

LANING

MIDWAY DR

ROSECRANS

ST

ROSE

CRANS

ST

CA

MIN

OD

EL

RIO

W

NIM

IZB

LVD

BARNETT AVE

LYTTONST

CHATSWORTH BLVDPACIFIC

HIGHWAY

SPORTS ARENABLVD

W POINT LOMA BLVD

LOMASQUARE

SAN DIEGOINTERNATIONAL AIRPORT

SPORTS ARENASQUARE

LIBERTYPUBLICMARKET

LIBERTY STATION

POINTLOMA PLAZA

5

5

8

FOR MORE INFORMATION, CONTACT:

BRET MORRISSManaging DirectorLic. #[email protected]

FORT WORTH 777 Main Street, Suite 1275Fort Worth, TX 76102T 817.877.1300

GREATER LOS ANGELES3161 Michelson Drive, Suite 100Irvine, CA 92612T 949.203.3030

HOUSTON515 Post Oak, Suite 100Houston, TX 77027T 713.300.0300

SAN ANTONIO100 NE Loop 410, Suite 1500San Antonio, TX 78216T 210.930.3700

SAN DIEGO1495 Pacific Highway, Suite 275San Diego, CA 92101T 619.308.6680

WASHINGTON, DC740 15th Street NW, Suite 200Washington, DC, 20005T 202.595.1400

ATLANTA1180 West Peachtree Street, Suite 500

Atlanta, GA 30309T 404.962.8600

AUSTIN515 Congress Avenue, Suite 2100

Austin, TX 78701T 512.481.3000

CHARLOTTE101 South Tryon Street, Suite 2460

Charlotte, NC 28280T 980.819.4270

CHICAGO6250 North River Road, Suite 6025

Rosemont, IL 60018T 708.667.8800

DALLAS2001 Ross Avenue, Suite 400

Dallas, TX 75201T 214.267.0400

DENVER1801 Broadway, Suite 250

Denver, CO 80202T 303.957.5300

CHANGING THE LANDSCAPEOF COMMERCIAL REAL ESTATETM

www.streamrealty.com

LOCATED IN THE OF POINT LOMA

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