For Hifsa (no one else bother)
FOX 5 Broadcasting Studio MISSION CRITICAL FACILITY
7191 ENGINEER ROAD, SAN DIEGO, CA
Offering Memorandum
N O N - E N D O R S E M E N T & D I S C L A I M E R N O T I C E
C O N F I D E N T I A L I T Y & D I S C L A I M E R The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from
Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has
been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The
information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or
representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of
the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the phys-
ical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy
of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has
not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no
warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify
all of the information set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap. All
rights reserved.
N O N - E N D O R S E M E N T N OT I C E Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this
marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corpora-
tion of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose
of providing tenant lessee information about this listing to prospective customers.
P R O P E R T Y S H O W I N G S S H A L L B E S U B J E C T TO O W N E R D I S C R E T I O N A N D B Y A P P O I N T M E N T O N LY.
P L E A S E C O N S U LT YO U R M A R C U S & M I L L I C H A P A G E N T F O R M O R E D E TA I L S.
F O X 5 B r o a d c a s t i n g S t u d i o
M I S S I O N C R I T I C A L F A C I L I T Y 1 5 Y E A R N N N L E A S E D P R O P E R T Y
O F F I C E S N A T I O N W I D E A N D T H R O U G H O U T C A N A D A
WWW.MARCUSMILLICHAP.COM
E X C L U S I V E LY O F F E R E D B Y
R I C K P U T T K A M M E R Vice President Investments
San Diego Office 858.373.3131
[email protected] License CA 00664825
F O X 5 B R O A D C A S T I N G S T U D I O S I N G L E T E N A N T
N E T L E A S E D P R O P E R T Y
01 11
06 20
E X E C U T I V E SUMMARY S E C T I O N 1 Investment Overview • Investment Highlights
C O M PA R A B L E S A L E S S E C T I O N 3 Sales Comparables • Sales Comparables Graph
P R O P E RT Y DESCRIPTION S E C T I O N 2 Property Details • Pricing Details • Location Overview
MARKET OVERVIEW S E C T I O N 4 Location Overview • Location Highlights • Demographics
TA B L E O F C O N T E N T S
EXCLUSIVELY LISTED BY:
F O X 5 B r o a d c a s t i n g S t u d i o
M I S S I O N C R I T I C A L F A C I L I T Y 1 5 Y E A R N N N L E A S E D P R O P E R T Y
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. ©
2017 Marcus & Millichap ACT ID Z0000000
20+ YEARS OPERATION HISTORY OF TENANT IN THIS BUILDING
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E X E C U T I V E SUM M A RY
FOX 5 BROADCASTING STUDIO
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O F F E R I N G H I G H L I G H T S
7191 ENGINEER ROAD, SAN DIEGO, CA 92111
O F F E R I N G P R I C E
$10,020,000*
VITAL DATA
Price $10,020,000
Going In Cap Price 5.05%
Cap Rate Over Initial Term 5.95%
Price/SF $334.13
Gross Square Feet 29,988SF
Occupancy 100%
F O X 5 B R O A D C A S T I N G S T U D I O N E T L E A S E D S I N G L E T E N A N T I N V E S T M E N T
G O I N G I N C A P R AT E
5.05% C A P R AT E O V E R I N I T I A L T E R M
5.95%
F O X 5 B R O A D C A S T I N G S T U D I O M I S S I O N C R I T I C A L FA C I L I T Y
*Offering Price reflects owner’s obligation to contribute $120,000 for “interior refurbishment improvements” in 2025, discounted at a rate of 6%
F O X 5 B R O A D C A S T I N G S T U D I O M I S S I O N C R I T I C A L FA C I L I T Y
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I N V E S T M E N T O V E R V I E W The purchase of 7191 Engineer Road provides an investor with a stable cash flow for an extended period of time (15 years) which assures that the owner will not incur typical rollover costs, such as downtime/vacancy, tenant improvements and leasing commissions associated with other properties, in the foreseeable future.
This investment also provides a hedge against historic inflation rates, due to scheduled rent increases every two years (5%). There is surety of rental income as the corporate parent of the tenant is responsible for these cash flows (Tribune Media Co.) has a market capitalization of over $3.7B and currently has a B-1 credit rating by Moody’s.
Due to the NNN nature of the lease agreement, the daily operating costs and capital expenses associated with the ownership of this property will be little or none, as the Tenant is responsible for all aspects of the physical structure as well as any other costs associated with the property.
This building is located in the central San Diego market of Kearny Mesa. The current occupancy rate in this market exceeds 96% (CBRE – YE 2017 Kearny Mesa Overview) and buildings of this size and type have been leased or sold within 3.3 months of coming to market, on average, over the past five years (CoStar).
Due to the topography of this submarket, most of the local TV stations are located in the Kearny Mesa area. The elevation of this submarket allows communications logistics by providing “line of sight” transmission to tower antennas in other parts of the County. This prompts the high demand for mission critical facilities and assures one of the highest occupancy rates for buildings of this type in the County. Kearny Mesa is the center of the San Diego metropolitan area and benefits from access to Highway 52 and Interstate 8 for east/west traffic circulation and Interstate 5, Highway 805 and Highway 163 for north/south traffic circulation.
THE PARENT COMPANY OF KSWB, LLC IS TRIBUNE BROADCASTING WHICH IS A WHOLLY OWNED SUBSIDIARY OF TRIBUNE MEDIA
COMPANY (NYSE: TRCO)
► New 15 Year NNN Lease
► Credit Tenant- KSWB, LLC is a Wholly Owned Subsidiary of Tribune Media Co.
$3.7B Market Cap
► Fixed, Periodic Rent Increases Provide Inflation Hedge
► Tenant is Responsible For All Aspects of Building, Including Roof and Structure
► Highly Sought After Market in Central San Diego County
► 20 years of Occupancy History by the Current Tenant
► Extensive Tenant Improvements
► Special Permits Allowing Satellite Placement Are Difficult to Replicate
I N V E S T M E N T H I G H L I G H T S
1 MILE FROM THE 805, 163 AND 52 FREEWAYS
5 MILE EMPLOYEE POPULATION OF 316,175
LESS THAN 3 MILES FROM MONTGOMERY
FIELD AIRPORT
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. ©
2017 Marcus & Millichap ACT ID Z0000000
MARKET CAP VALUATION OF THE PARENT COMPANY OF KSWB, LLC
$3.7 Billion
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P R O P E RT Y DESCRIPTION
FOX 5 BROADCASTING STUDIO
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PROPERTY DETAILS / INVESTMENT OVERVIEW / RENT SCHEDULE
FOX 5 SAN DIEGO
Property Address 7191 Engineer Road, San Diego, CA
Tenant KSWB, LLC, a Delaware Limited
Liability Company
Number of Stories 2
Year Built/Renovated 1989/2017
GLA 29,988 SF
Type of Ownership Fee Simple
Utilities: Water Tenant Pays
Utilities: Electric / Gas Tenant Pays
Zoning IL-2-1
INVESTMENT OVERVIEW
Purchase Price $10,020,000*
Price Per SF $334.13
Going In NOI $505,505
Going In Cap Rate 5.05%
Avg. Cap Rate Over Initial Term 5.95%
Lease Type NNN
Rent Increases Fixed 5% Increases Every 2 Years
Lease Commencement April 1, 2018
Lease Term 15 Years
Options Two (2) Five (5) Year At Prevailing
Market Rent
RENT SCHEDULE
4/1/2018-3/31/2020 $505,504 / Per Year
4/1/2020-3/31/2022 $530,780 / Per Year 5%
4/1/2022-3/31/2024 $557,319 / Per Year 5%
4/1/2024-3/31/2026 $585,185 / Per Year 5%
4/1/2026-3/31/2028 $614,444 / Per Year 5%
4/1/2028-3/31/2030 $645,166 / Per Year 5%
4/1/2030-3/31/2032 $677,424/ Per Year 5%
4/1/2032-3/31/2033 $711,296 / Per Year 5%
Option 1
4/1/2033-3/31/2038 FMV*
Option 2
4/1/2038-3/31/2043 FMV*
*Base Rent and Increases Determined Per Lease
*Offering Price reflects owner’s obligation to contribute $120,000 for “interior refurbishment improvements” in 2025, discounted at a rate of 6%
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209
125
163
805
56
52 52
15 94
5
5
8
8
15
15
5
Encinitas
Solana Beach
Del Mar
Torrey Pines
La Jolla
Ocean Beach
Point Loma
National City
Spring Valley
Pacific Beach
Mission Bay
Carmel Valley
Fairbanks Ranch
Rancho Santa Fe
Universal City
Miramar
Scripps Ranch
Poway
Carmel Mountain
Ranch
Black Mountain
Ranch
Rancho Penasquitos
La Presa
Coronado
Mira Mesa
San Diego
FOX 5 San Diego
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T E N A N T P R O F I L E
KSWB, LLC is owned by Tribune Broadcasting, a subsidiary of Tribune Media and affiliated
with Fox Broadcasting Company. On air for over 33 years and associated with sister stations
KTLA (Los Angeles) and KTXL (Sacramento), Fox 5 is a top rated television affiliate of the
Fox Broadcasting family, rated #1 in local morning news for 9 consecutive Nielsen Ratings
Books. Fox 5 also offers high quality sports and entertainment to the extended media market
of San Diego County and Tijuana (approx. 5M viewers), on digital TV channels 69.1 and cable
channels 705 and 5.
A R E A A M E N I T I T E S
► S u b j e c t P r o p e r t y ► N a t i o n a l U n i v e r s i t y ► M o n t g o m e r y - G i b b s E x e c u t i v e A i r p o r t ► C o s t c o / W a l m a r t / Ta r g e t / R E I ► S o l a r Tu r b i n e s ► C o u n t y o f S a n D i e g o
► K e a r n y M e s a A u t o M a r t ► K a i s e r P e r m a n e n t e M e d i c a l C e n t e r ► S a n D i e g o C i t y S c h o o l s ► C h i l d r e n ’s H o s p i t a l ► N o r t h r o p G r u m m a n ► F r e e w a y s 8 0 5 , 1 6 3 a n d 5 2
14 9,
18 8
A D
T
204,871 A D
T
112,4 16 A
DT
186,000 A D
T
CLAIREMONT MESA BLVD - 40,134 ADT
BALBOA AVE - 54,947 ADT
McDonald’s
MONTGOMERY GIBBS EXECUTIVE AIRPORT
SUBJECT PROPERTY
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14 9,
18 8
A D
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204,871 A D
T
112,4 16 A
DT
186,000 A D
T
CLAIREMONT MESA BLVD - 40,134 ADT
BALBOA AVE - 54,947 ADT
McDonald’s
MONTGOMERY GIBBS EXECUTIVE AIRPORT
SUBJECT PROPERTY
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This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. ©
2017 Marcus & Millichap ACT ID Z0000000
TOP RATED FOX TELEVISION NETWORK AFFILIATE IN THE COUNTRY
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C O M PA R A B L E PROPERTIES
FOX 5 BROADCASTING STUDIO
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S A L E S C O M PA R A B L E S
2 0 3 7 7 A C A C I A S T Newport Beach, CA
S A L E S P R I C E $10,500,000
Close of Escrow 5/3/2018
Price Per SF $405.12
RBA 25,918
Cap Rate 5.48%
Year Built 2003
The subject property was 50% leased to the seller at the time of sale. BLD Brands
LLC is leasing back the property at $1.85/SF/Mo. for 10 years on a triple net basis.
They may end up occupying the whole building. The property contains no deferred
maintenance.
7 1 9 1 E N G I N E E R R O A D San Diego, CA
S A L E S P R I C E $10,020,000
Close of Escrow —
Price Per SF $334.13
RBA 29,988
Cap Rate 5.05%
Year Built 1989/2017
The subject property is leased to FOX 5 news San Diego, a subsidiary of Tribune
Media company. Tribune Media company owns 42 TV stations and is publicly held.
The property offers a 15 year NNN lease and provides rental increases every 2
years. The property is on a 1.20 acre parcel just off of the 805 freeway.
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3 2 9 4 1 A LTO N P K WAY. Irvine, CA
S A L E S P R I C E $7,400,000
Close of Escrow 9/21/2017
Price Per SF $339.25
RBA 21,813
Cap Rate 4.54%
Year Built 1974
This flex building sold as a leased multi-tenant asset. The building is located on
a hard corner, within an industrial area. The building is occupied by several video
production agencies .
4 1 8 1 O C E A N S I D E B LV D Oceanside, CA
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S A L E S P R I C E $9,200,000
Close of Escrow 12/14/2017
Price Per SF $642.50
RBA 14,319
Cap Rate 4.35%
Year Built 2011
Built in 2011, Walgreens has been under an absolute triple-net (NNN) ground
lease since September 2010. The lease term is for 19 years and has 10% rent
increases every ten years.
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S A L E S C O M PA R A B L E S
2 8 9 9 5 N E W P O R T R D Menifee, CA
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S A L E S P R I C E $9,000,000
Close of Escrow 1/31/2017
Price Per SF $523.71
RBA 17,185
Cap Rate 4.72%
Year Built 2016
The subject property is currently occupied by Rite Aid; they have 20 years remain-
ing on their lease with (6) 5-year renewal options. The buyer purchased this as
a triple net investment with plans for new construction on the lot. The buyer was
doing 1031 exchange in this sale transaction.
4 4 9 3 3 PA R A M O U N T D R San Diego, CA
S A L E S P R I C E $6,475,000
Close of Escrow 9/1/2017
Price Per SF $350.00
RBA 18,500
Cap Rate N/A
Year Built 2001
4933 Paramount Drive is situated in the same market as the subject property.
The property is encumbered by a lease to Quake Global, a hardware and software
products and solutions company. The two story office building was purchased by
the adjacent building owner/user for future expansion.
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S A L E S C O M PA R A B L E S - A V E R A G E P R I C E P E R S F
2941 Alton Pkwy
$339.25
28995 Newport Rd
$523.71
20377 Acacia St
$405.12
7191 Engineer Rd
$334.13
4933 Paramount Dr
$350.00
4181 Oceanside Blvd
$642.50
AV E R A G E : $ 4 0 1 . 7 3 P S F
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S A L E S C O M PA R A B L E S - A V E R A G E C A P R AT E
7191 Engineer Rd 4933 Paramount Dr2941 Alton Pkwy
4.54%
28995 Newport Rd
4.72%
20377 Acacia St
5.48%5.05%
4181 Oceanside Blvd
4.35%
AV E R A G E : 4 . 8 7 % C A P
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This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. ©
2017 Marcus & Millichap ACT ID Z0000000
96% MARKET OCCUPANCY LOCATED IN SAN DIEGO’S MOST SOUGHT AFTER R&D AND INDUSTRIAL MARKET (15,093,074 SF)
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M A R K E T OVERVIEW
FOX 5 BROADCASTING STUDIO
L O C AT I O N O V E R V I E W S A N D I E G O , C A L I F O R N I A
With its warm, year-round climate, 50 miles of sun soaked coastline
and world-famous attractions, San Diego is best known as a top tourist
destination. Less well known is that this Southern California metropolis
is also home to cutting-edge businesses for telecommunications,
biotechnology, software, electronics and other major innovation
industries.
The San Diego County unemployment rate decreased by 0.09% though
July 2018 to 3.7%. This is the lowest rate of unemployment in nearly
eleven years – since May 2007. The state rate decreased by 0.5% to
4.2%. The San Diego Metropolitan Statistical Area (MSA) encompasses
the entire county of San Diego with its cities and unincorporated areas.
The total civilian labor force stands at 2.2 million. Of that, 1.48 million
people are employed in nonfarm industries.
The various national, state and local government agencies are the
largest employers in the county. For example, the University of California
and the United States Navy each employ over 20,000 people each.
However, San Diego has several prominent companies that employ
thousands of employees each. The biggest companies to be hospitals,
communications, and defense companies. San Diego continues its
economic recovery that began in 2010.
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► #2 Safest City in the U.S.
► Top Local and Tourist Attractions
► 70 Miles of Coastline
► Proximity to Orange County and Los Angeles
► Hotspot for growing Tech companies
► World’s First Cross-border Airport Terminal
S A N D I E G O C A L I F O R N I A
A M E R I C A’ S F I N E S T C I T Y
WORLD CLASS BEACHES
GROWING POPULATION
TOURIST DESTINATION
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C I T Y O V E R V I E W
► San Diego is rated #1 in concentration of military and
defense assets in the world according to the San Diego
Military Advisory Council.
► According to Forbes in 2017 San Diego was rated the #1
best city to start a business.
► There were 2,740 new businesses established in 2018 YTD.
H I G H L I G H T S I N N O VAT I O N
More than 60% of people who migrate here hold a college
degree Over 63,000 professionals in science and engineering
jobs 42% of degree holders have their first degree in a STEM
field 23.9% of the population are Multi-Lingual English-
Speaking. San Diego is ranked 2nd highest in millennial
degree holders in the Country (Source: ESRI 2017).
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► California is now the 5th largest economy in the world
► San Diego boosted 6.6% YOY growth in median home price
► 51% Service Sector employment in CaliBaja market (7.1M population)
► 73.6M Northbound border crossings (2017) in San Diego and Imperial Counties
► San Diego recorded $24.3B Foreign Exports (most current data)
► 3.7% Unemployment in San Diego County (July 2018)
► 4.1% vacancy rate for industrial real estate (San Diego County)
► 102,774 Businesses Operating in San Diego County (2017)
► Venture Capital increased 2X YOY in San Diego
E C O N O M Y
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5
5
55
55
55
55
55
805
805
805
805
805
805
805
805
805
805
805
15
15
15
15
15
94
94
94
54
54
125
125
125
125
54
National City
Chula Vista
Logan Heights
Golden Hill
Midway District
Loma Portal
Point Loma Heights
Shelltown
South Park
Park West
Hillcrest
Mission HillsTemecula Heights
Ocean Beach
Sunset Cliffs
La Playa
Point Loma
Coronado Barrio Logan
Cherokee Point
Midtown
North Park
Balboa Park
East Village
Fairmont Village
El Cerrito
Ridgeview Webster
Oak Park
Emerald Hills
Encanto Mt. Hope
Mountain View
San Diego
Paradise Valley
Cypress Glen
Divis ion S
treet
Divis ion S
treet
East 4 th Str
eet
East 8th
Stree t
East 16th
Stre et
E Str eet
E Str eet
D St reet
2nd A ve
2nd A ve Hilltop D
rive
M elrose A
ve
Otay Lakes Rd
Otay Lakes Rd
Coral Canyon Rd
3rd A ve
3rd A ve
4th A ve
4th A ve
5th A ve
B roadw
ay
B roadw
ay
B eyer B
lvd
B eyer B
lvd
Beyer Blvd
P icador B
lvd
P icador B
lvd
B roadw
ay
C St reet
Sea V ale St
G St reet
H St reet
Orange Ave
Anita St
Main St Main St
Palm Ave
Del Sol Blvd
Palm AvePalm Ave
Imperial Beach Blvd Coronado Ave Coronado Ave
Iris Ave
Camino De La Plaza
Grove Ave
Leon Ave
United States
Mexico
United States
Mexico
Tocayo Ave
Satellite Blvd
Main St
Otay Mesa Road Otay Mesa Road
Airway Rd
Siempre Viva Rd
Palomar St
Orange Ave
Oly mp
ic P kwy
Ol ym
pic Pk
wy Olympi c Pkwy
Palo mar
St
E R iens
tra S t
Palo mar
St
P al
om ar
S t
H St reet
Napl es S
t
9th S t
13th S t
13th S t
27th S t
S aturn B
lvd
Napl es S
t
Moss St
H Street
H Str eet
Proctor Valley Road
P roctor Valley R
oad
H Street
Bo nit
a R d
Swee twater
Rd
Cent ral Av
e
N Rancho Del Ray Pkwy
Fili pin
o A me
rica n H
wy
N R anc
ho D el R
ay P kwy
P as
eo L
ad er
a
O le
an de
r
H St reet
J Str eet
J Str eet
J Str eet
J Street
L Str eet
L Str eet
E Na ples
St
F Str eet
East 16th
Stre et
National Avenue
National Avenue E
uclid A venue
E uclid A
venue
E uclid A
venue
S 32nd S
treet
S 31st S
treet
Silver Strand Blvd
S ilver S
trand B lvd
S ilver S
trand B lvd
S 28th S
treet
N Harbor Drive
Ro se
cr an
s St
re et
Ro se
cr an
s St
re et
Midway Drive
Sports Arena Drive
San Diego International Airport
San Diego Naval Supply Center
N im
itz B lvd
Voltaire Street
Narraganseit Avenue
Su ns
et C
liff s
Bl vd
Chats worth
Blvd
C ahon Street
C abrillo M
em orial D
rive
Barne tt Ave
nue
Washington Street
University Avenue University Avenue
Orange Avenue
El Cajon Blvd
R ichm
ond S treet
6th A venue
25th A venue
4th A venue
5th A venue
Pa rk
B lvd
Pe rs
hi ng
D riv
e
F ern S
treet
Upas Street
F ront S
treet
Market Street
Ash Street
B Street
Market Street Market Street
Ho rri
s A ve
nu e
F airm
ont A venue
C olum
bia S treet
K ettner B
lvd
Pacific H ighw
ay
Pacific Highway
Ocean View Blvd
Commercial Street Imperial Avenue
East 18th
Stree t
East 24th
Stre et
East 30th
Stre et
Paradise Valley Hospital
El Toyon Park
JFK Park
Kimball Park
Las Palmas Park
Bayside Park
Sweetwater Marsh National Wildlife Refuge
Chula Vista Bayfront Park
Scripps Mercy Hospital Chula Vista
Eastlake Greens Golf Course
San Diego National Wildlife Refuge
Otay Lake County Park
Otay Lake
Eucalyptus Park
Hilltop Park
Otay Valley Regional Park
Otay Valley Regional Park
San Diego Country Club
Egger Highlands
San Diego National Wildlife Refuge
Glen Abbey Cemetery
San Diego Bay
San Diego Bay
San Diego Bay
Pacific Ocean
Alpha Street
East Plaza Blvd
Reo Drive
Skyline Drive
San Diego Co ron
ad o B
rid ge
S Ba y Fw
y
Telegraph Can yon
Telegraph Canyon Tel eg
rap h
Ca ny
on
Ota y La
kes Road
Ota y La
kes R oad
O tay Lakes R
oad
Hu nte
P kw
y
Birc h R
d
Te rra
No va Dr
905 905
905
O cean V
iew H
ills P kw
y
MAJOR AREA EMPLOYERS
University of California, San Diego
County of San Diego
United States Navy
San Diego Union High School District
Sharp Healthcare
Scripps Health
Qualcomm, Inc. $206.88 GROSS REGIONAL
PRODUCT
96.3% EMPLOYMENT RATE
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D E M O G R A P H I C S H I G H L I G H T S
307,737
$71,961 130,355
POPULATION WITHIN 5-MILES
MEDIAN HOUSEHOLD INCOME HOUSEHOLDS WITHIN 5-MILES
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DEMOGRAPHICS 1 MILE 3 MILES
Population 10,679 112,800
Households 4,011 42,577
Average Age 39.40 38.10
Median HH Income $71,961 $68,542
Daytime Employess 29,531 129,064
Population Growth ‘17-’22 5.6% 5.6%
Household Growth ‘17-’22 5.5% 5.5%
HOUSEHOLDS BY INCOME 1 MILE 3 MILES 5 MILES
2017 Total Population: 10,679 112,800 318,970
2022 Population: 11,275 119,106 336,446
Pop Growth 2017-2022: 5.58% 5.59% 5.48%
Average Age: 39.40 38.10 37.10
HOUSEHOLDS
2017 Total Households: 4,011 42,577 133,114
HH Growth 2017-2022 5.48% 5.47% 5.40%
Median Household Inc: $71,961 $68,542 $71,975
Avg Household Size: 2.60 2.60 2.30
2017 Avg HH Vehicles: 2.00 2.00 2.00
HOUSING
Median Home Value: $475,201 $468,919 $525,272
Median Year Built: 1966 1966 1974
PUBLIC TRANSPORTATION DRIVE DISTANCE
COMMUTER RAIL
Clairemont Dr./Morena Blvd. Commuter Rail (Coaster)
6 Min 3.5 Mi
San Diego (Santa Fe Depot) Commuter Rail (Train)
13 Min 9.2 Mi
AIRPORT
San Diego International Airport 16 Min 10.9 Mi
S A N D I E G O
California’s second largest city and the United States’ eighth largest, San Diego boasts a citywide population of nearly 1.3 million residents and more than 3 million residents countywide. Within its borders of 4,200 sq. miles, San Diego County encompasses 18 incorporated cities and numerous other charming neighborhoods and communities, including downtown’s historic Gaslamp Quarter, Little Italy, Coronado, La Jolla, Del Mar, Carlsbad, Escondido, La Mesa, Hillcrest, Barrio Logan and Chula Vista just to name a few.
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FOX 5 Broadcasting Studio MISSION CRITICAL FACILITY
7191 ENGINEER ROAD, SAN DIEGO, CA
E X C L U S I V E LY O F F E R E D B Y
R I C K P U T T K A M M E R Vice President Investments
San Diego Office 858.373.3131
[email protected] License CA 00664825