Located at 5975 University Avenue, University Square is a prominent ±200,000-square-foot dual grocery-anchored power center spanning nearly 20 acres in the heart of San Diego. Situated less than two miles from San Diego State University—home to nearly 35,000 students—this high-visibility retail destination serves a diverse and dynamic customer base. Notable tenants include Food 4 Less, Marshalls, Dollar Tree, Crunch Fitness, Carl’s Jr., iHop, and others.

In March 2022, Space Investment Partners acquired University Square as a cash-flowing asset with ±17% upside in rents, capitalizing on its strategic location and tenant mix.

• Proximity to SDSU: Its location near SDSU ensures a steady influx of students and residents, enhancing the center’s foot traffic and long-term appeal.
• Strong Occupancy: At acquisition, the property was 97% leased and situated in a micro-market that has maintained an impressive 95.7% average occupancy over 18 years.
• Property Enhancements: Space repainted and re-landscaped the center, further improving its curb appeal and positioning.

Tenant Strength: Over 80% of the center’s tenancy at the time of acquisition consisted of nationally recognized credit tenants, providing stable and reliable income streams.

With its exceptional location, strong leasing history, and recent enhancements, University Square stands out as a thriving retail hub in one of San Diego’s most vibrant areas.