PLAZA DEL REY APARTMENTS - LoopNet€¦ · PLAZA DEL REY OFFERING ... - 6X6 Post w/ 7/8" Stucco Wa...

PLAZA DEL REY APARTMENTSFOR SALE | 15 MULTIFAMILY UNITS | NATIONAL CITY, SAN DIEGO, CA

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 Kidder Mathews and should not be made available to any other person or entity without the written consent of Kidder Mathews.

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. Kidder Mathews 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 physical 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, Kidder Mathews has not verified, and will not verify, any of the information contained herein, nor has Kidder Mathews 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.

This information has been secured from sources we believe to be reliable. We make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Recipient of this report must verify the information and bears all risk for any inaccuracies.

01INVESTMENT SUMMARY

02PROPERTY DESCRIPTION

03FINANCIALS

04COMPARABLES

05MARKET OVERVIEW

KIDDER.COM

JIM NEIL

[email protected] N° 01352736

EXCLUSIVELY LISTED BY

ERIC COMER

858.369.3084eric.comer @kidder.comLIC N° 00842230

MERRICK MATRICARDI


TABLE OF CONTENTS

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5PLAZA DEL REY OFFERING MEMORANDUM KIDDER MATHEWS

01INVESTMENT

SUMMARYTHE OFFERING

INVESTMENT HIGHLIGHTS

LOCATION OVERVIEW

6 KIDDER MATHEWS OFFERING MEMORANDUM PLAZA DEL REY


Kidder Mathews is pleased to present Plaza Del Rey Apartments for sale in National City’s transforming downtown neighborhood.

THE OFFERING

Completed in the Spring of 2019, Plaza Del Rey Apartments is a new construction complex situated in the growing National City rental market with walkable proximity to schools, shopping and community amenities. The property benefits from easy access to transportation and employment centers including the South Bay Military bases.

Plaza Del Rey is fully leased and consists of nine 2-bedroom/2-bath and six 3-bedroom/2-bath floorplans with in-unit washer and dryers.

INVESTMENT SUMMARY

Interior amenities include granite countertops, stainless steel appliances, faux hardwood floors, large private balconies and central air and heating.

National City is experiencing unprecedented growth and will continue to transform in coming years with Chula Vista's Bay Front redevelopment, new multifamily & hospitality development, improving retail and enticing new restaurants.

The well-designed, high quality architecture, large floors plans and walkable location makes this a prime investment opportunity.

PROPERTY OVERVIEW

Address 900 E. 12th Street, National City, CA 91950

No. of Units 15

NRSF ±14,478

Site Area 16,120 SF / 0.37 AC

Year Built 2019

Price $5,750,000

Price / Unit $383,333

Price / SF $397

Cap Rate 4.12%

Market Cap Rate 4.42%

GRM 15.9

Market GRM 15.2

Beautifully constructed apartment homes, walking distance to retail, restaurants and services


NEW CONSTRUCTION Brand new, turn-key building delivered in April 2019

FULLY LEASED stabilized apartment building

LARGE FLOOR PLANS two and three-bedroom floorplans average 965 square feet

WALK SCORE of 84, considered very walkable

ABUNDANT RETAIL Walmart, Smart & Final, 99 cent store, Big Lots & Joann Fabrics are walking distance

CONVENIENT TO RESTAURANTS walkable to Panda Express, Chuck E Cheese's, 85C Bakery Cafe, IHOP, McDonald's, El Pollo Loco among others

GREAT FREEWAY ACCESS located just east of the 5 freeway and west of the 805 freeway

TRANSPORTATION ACCESS located approximately 1-mile from the 8th Street Trolley station, served by the Blue Line and connecting to downtown San Diego

NO RENT CONTROL Since the property is newer than 15-years old, it is not subject to AB 1482, the new California rent control law

FAMILY FRIENDLY location near Public Library and Kimball Park with arts center, amphitheater , baseball fields, tennis and basketball courts and skate park.

CLOSE TO NAVY BASE US Naval Reservation Fleet & Industrial Supply Center, commonly referred to as 32nd Street are just 2 miles from the property

INVESTMENT HIGHLIGHTS

PLAZA DEL REY OFFERING MEMORANDUM KIDDER MATHEWS 9


SUBJECT PROPERTY

PLAZA BLVD

KIMBALL PARK & REC

LIBRARY

HIG

HLA

ND

AV

E

John A Otis Elementary School

National City Middle School

Southwestern Community College


#2 RATED AS AMERICA'S MOST PLAYFUL CITIES

1 out of 10 CARS IMPORTED TO THE U.S. PASS THROUGH THE PORT IN NATIONAL CITY

LARGEST U.S. NAVAL BASE ON TH WEST COAST IS LOCATED IN NATIONAL CITY

1ST AUTO MALLS IN THE WORLD, "NATIONAL CITY MILE OF CARS" LOCATED IN NATIONAL CITY

2ND OLDEST CITY IN SAN DIEGO COUNTY

QUICK NATIONAL CITY FACTS

LOCATION OVERVIEW

National City, San Diego County’s second oldest city, is truly “in the center of it all,” and is a thriving bi-national region of 5 million consumers.

The City’s competitive edge is its central location, transportation network, and business industry.

National City is 10 minutes from everywhere and positioned for prosperity, with proximity to the San Diego Bay, US-Mexico border, downtown San Diego, international airport, rail, San Diego State University, and other colleges and universities

EXCELLENT ACCESS TO TRANSPORTATION

National City is circled by interstates 5 and 805, and highways 54 and 15. The San Diego Trolley and the Metropolitan Transit System (MTS) serves National City 7 days a week. These transportation resources conveniently connect the City to the region.

THRIVING BUSINESS CLIMATE

National City is home to over 3,000 businesses – a remarkable number for a city with a population of 61,115. As one of the healthiest business climates in Southern California, National City businesses come from various industries and sectors. Business types range from small family – owned operations to multi-million dollar corporations. National City also boasts the highest sales tax per capita in the County.

PORT CITY

The National City Marine Terminal, part of the Unified Port of San Diego is the most advanced vehicle import and export facility on the West Coast, processing more than 270,000 vehicles annually. Lumber is also imported from the Pacific Northwest for construction use throughout the region.

National City’s port area extends three miles along San Diego Bay and is part of the largest U.S. Navy installation on the West Coast.


02PROPERTY

DESCRIPTIONPROPERTY SUMMARY

AMENITIES

FLOOR PLANS

MAPS & AERIALS


PROPERTY SUMMARY

Address 900 E. 12th StreetNational City, CA 91950

No. of Units 15

NRSF ±14,478 SF

Year Built 2019

Site Area 16,120 SF / 0.37 AC

Zoning MXC-2

Parcel No. 561-011-06 & 07

Parking 30 Total Spaces; Including 10 Tuck-Under Spaces

Parking Ratio 2.0 Per Unit

CONSTRUCTION SPECIFICATIONS

No. of Buildings 1

No. of Floors 3

Structure Wood Frame

Roof Pitched, composition shingle

Siding Stucco

Access Two Stairwells with Exterior Breezeways to units

PROPERTY DESCRIPTION


COMMUNITY AMENITIESMODERN architecture

SECURED entry at stairwells to unit access

ATTRACTIVE, low-maintenance landscaping

WIDE exterior breezeways provide additional views

TUCK-UNDER parking

HANDICAPPED accessible units

ELEVATOR lift for wheelchairs to first floor units

LOW MAINTENANCE/HIGH VALUE SPECIFICATIONSNO ON-SITE MANAGEMENT REQUIREMENT

UTILITIES

• Water– submeteredMinimal house meter

• Gas/Electric – Individual metersMinimal house meter (elevator lift, select exterior lightsTankless water heaters in 2-bedroom unitsIndividual hot water heaters in 3-bedroom units

EXTERIOR

• Alumawood Trellises• Vinyl Railings + Fencing• Galvanized Handrails• Stucco Exterior• Foam Shutters• Minimal Landscape maintenance• Class A Asphalt shingles with two layers of 30LB felt

underlaymentINTERIOR

• No Carpet• Gypcrete, LVP with Soundmat throughout• Solid-surface countertops• Fibercare fiberglass tub/showers• Interior paint – Eggshell (no flat paint)• Water-Saving / Low-Flow Plumbing Fixtures• Stainless Steel Appliances• Single-Basin Stainless Steel Kitchen Sinks• LED Lighting



FLOOR PLANS

2 BR / 2 BA

Unit TypeNo. of Units SF

Pro Forma Rent

Pro Forma Rent / SF

2 Bedroom/ 2 Bathroom 9 900 $1,945 $2.16

Total 8,100 $17,505

3 BR / 2 BA

Unit TypeNo. of Units SF

Pro Forma Rent

Pro Forma Rent / SF

2 Bedroom/ 2 Bathroom 6 1,063 $2,345 $2.21

Total 6,378 $14,070


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UPLighted Exit SIGNAGEper Electrical Plan

UP

4" Standpipe per FireSprinkler Plan

- 2X4 Exterior Stud Wall w/ 7/8" Stucco (Both Sides)

- 2X4 Exterior Stud Wall w/ 7/8" Stucco

- 2X4 Interior Stud Wall w/ 1/2" Gyp-Board

- 2X6 Interior Stud Wall w/ 1/2" Gyp-Board

- "1 Hour Rated" 2X6 Interior Stud Wall w/ 5/8" Type X Gyp-Board (Both Sides)

- "1 Hour Rated" 2X4 Interior Stud Wall w/ 5/8" Type X Gyp-Board (Both Sides)

- 42" High Exterior Vinyl Deck Railing

- 6' High Vinyl Privacy Fence

- 6X6 Post w/ 7/8" Stucco

WWaallll LLeeggeenndd

- 8" CMU Block Wall w/ Stucco Exterior

- 2X4 Exterior Stud Wall w/ Cement Lap Siding Exterior & 7/8" Stucco Interior

- 2X4 Exterior Stud Wall w/ Cement Lap Siding

1'-6"

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PROVIDE A MINIMUM CLEARANCE OF24" IN FRONT OF THE TOILET.

PROVIDE MINIMUM TOILETCLEARANCE OF 15" FROM THECENTERLINE ON BOTH SIDES OF THETOILET.

(PROVIDE LARGER CLEARANCES ALLLOCATIONS AS SHOWN ON PLANS.)

TYP MINIMUM TOILET CLEARANCES

- 12" Drop Soffit - See 5AD-2

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FFLLOOOORR PPLLAANN NNOOTTEESS

1. ALL DIMENSIONS TO FACE OF STUD (F.O.S.) U.N.O.

2. WRITTEN DIMENSIONS TO PREVAIL OVER SCALING OR DRAWINGS. SUBCONTRACTOR TO VERIFY ALL DIMENSIONS PRIOR TOCONSTRUCTION AND IMMEDIATELY NOTIFY DEVELOPER OR ARCHITECT OF ANY INCONSISTENCIES.

3. REFER TO BUILDING SECTIONS, STAIR SECTIONS AND/OR INTERIOR ELEVATIONS FOR CLARIFICATION AND DIMENSIONS OF SOFFITEDAREAS AND POTSHELVES.

4. ALL WINDOWS TO HAVE VINYL FRAMES. SEE EXTERIOR ELEVATIONS FOR DIRECTION OF OPERATION AND LOCATION OF MUNTIN BARS (ALLOPERABLE WINDOWS TO HAVE SCREENS).

5. ALL GLASS IN DOORS AND SLIDING GLASS DOORS TO BE TEMBERED. PROVIDE TEMPERED GLASS WHERE BOTTOM EDGE IS LESS THAN 60"FROM WALKING SURFACE AT 1) STAIRWAYS, 2) SHOWERS AND TUBS, AND 3) WITHIN A 24" ARC OF A DOOR IN CLOSED POSITION (CBC).

6. REFER TO INTERIOR ELEVATIONS DESIGNATED BY THIS SYMBOL

7. PROVIDE SOUND INSULATION AND CAULKING UNDER PLATES IN SHOWER / TUB WALLS ADJACENT TO LIVING AREAS AND BETWEENLAUNDRY / LIVING WALLS.

- SUFFICIENT MANUVERING SPACE: ACCESSIBILITY CLEARANCES PER CBC, (FOR DOORS; PROVIDE FLOOR AND LANDINGS REQUIRED ONEACH SIDE; MAXIMUM LANDING SLOPE 2% AWAY FROM THRESHOLD; MINIMUM LANDING LENGTH SHALL BE 36" IN DIRECTION OF TRAVEL;MAXIMUM THRESHOLD 0.5" ALL OTHER DOORS.)

- EMERGENCY EGRESS WINDOW WITH MIN. CLEAR OPENABLE AREA OF 5.7 S.F. CLEAR OPENABLE WIDTH OF 20" AND CLEAR OPENABLEHEIGHT OF 24" PER WINDOW MANUFACTURER LITRATURE AND BOTTOM OF THE CLEAR OPENING NOT GREATER THAN 44" FROM FLOOR

- SILL: PLASTER FINISH, U.N.O. SLOPE 1/2" / FOOT MINIMUM

June 6th, 2017

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Portable Fire Extinguishers will be installed inthe building in accordance with Section 906.

1Plan CheckCorrections 10/10/17

Plan CheckCorrections2 2/1/18

N

SITE PLAN

3 BR/ 2 BA 2 BR/ 2 BA 3 BR/ 2 BA2 BR/ 2 BA 2 BR/ 2 BA

First Floor Plan - 3 stories of 5 units


E 12TH STREET

SUBJECT PROPERTY

HIG

HLA

ND

AV

E

E 13TH STREET

E PLAZA BLVD

S N

AM

ES

TR

AS

SE

RO

AD

N

SAN DIEGO BAY

HARBOR DR

NATIONALCITY

GREENWOODMEMORIAL PARK

SUBJECT PROPERTY

SAN DIEGO

LOGANHEIGHTS

CORONADO

GRANTHILL

GASLAMPQUARTER

SOUTHCREST

28

TH

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ND

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DIVISION ST

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HIG

HLA

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OCEAN VIEW BLVD



03FINANCIALS

Fully stabilized new construction building with below market rents



FINANCIALS

INVESTMENT SUMMARY

Purchase Price $5,750,000

Price / Unit $383,333

Price / SF $397

Down Payment $2,250,000

% Down 39.1%

Cap Rate 4.12%

GRM 15.9

Market Cap 4.42%

GRM 15.2

INCOME SUMMARY

# Units Unit Type Sq. Ft. Total Sq.Ft.In Place$ Rent $/Sq.Ft.

Total In Place Rent

Turnover$ Rent

Turnover$ Rent

9 2BR/ 2BA 900 8,100 $1,845 $2.05 $16,605 $1,945 $17,5056 3 BR/ 2BA 1,063 6,378 $2,245 $2.11 $13,470 $2,345 $14,070

15 Total/Avg 965 14,478 $2,005 $2.08 $30,075 $2,105 $31,575

ANNUALIZED GROSS INCOME $360,900 $378,900

Vacancy/Collection Loss 3.00% ($10,827) ($11,367)

ADJUSTED GROSS INCOME $350,073 $367,533

Utility Bill Back (RUBS) Income $4,500 $4,500Parking and Pet Rent $900 $900Late Charges, Security Deposits, Credit Check $3,501 $3,675

EFFECTIVE GROSS INCOME $358,974 $376,608

Property Expenses: $/Unit ProformaProp taxes 1.13120% $4,336 $65,044Fixed Assessment $28 $420Insurance $390 $5,855

Controllable ExpensesAdministration $250 $3,750Payroll & Burden $0 $0Repairs, Maint & Turnover $1,000 $15,000Utilities (G&E, Water, Phone, Cable) $776 $11,640Landscaping, Pest, Alarm $172 $2,580Professional Management (5%) $1,197 $17,949

Total Expenses $122,238 ($122,238) ($122,238)Exp./unit: $8,149

Exp/psf: $8.44

Exp. % of SGI: 34.1%

NET OPERATING INCOME $236,736 $254,371Amortization 30Rate 3.86%Debt Service $3,500,000 @ $198,979 $198,979CASH FLOW $37,757 $55,392

Return on Down Payment 1.68% 2.46%DCR 1.19 1.28

JURISDICTION OF TAXES:

Millage rate: 1.13120%

Fixed assessments: $420

Fiscal year 2019-2020

* Property taxes are reassessed at property sale


04COMPARABLES

RENT COMPARABLES

SALE COMPARABLES


RENT COMPARABLES

01 01

SUBJECT Plaza Del Rey

01 The Kimball

02 Plaza 1640

03 12th St Lofts

04 Harborview

05 Del Oro on Broadway

06 Sereno

Address 900 E. 12th Street 1110 E 8th St 1640 E Plaza Blvd 45 E 12th Street 819 D Avenue 986 Broadway 944 3rd Ave

City National City National City National City National City National City Chula Vista Chula Vista

# of Units 15 47 77 61 81 79 115

Built 2019 2019 2019 2012 2010 2017 2018

1 BR/ 1 BA Rent $1,795 - $1,995 $1,745 - $1995 $1,895 $1,795 $2,095 $1,899

SF 580-821 657-800 879 727 725 690

Rent/SF $2.82 $2.59 $2.16 $2.47 $2.89 $2.75

2 BR/ 2 BA Rent $1,845 $2,300-$2,725 $2,095 - $2,695 $2,395 $2,195 -$2,425 $2,395 $2,199

Avg SF 900 885 - 1,206 900 - 1140 993 964-1,251 1,085 972

Rent/SF $2.05 $2.47 $2.34 $2.41 $1.94 - $2.28 $2.21 $2.26

3 BR/ 2 BA Rent $2,245 $2,695 - $3,295 $2,500 $2,745 $2,649

Avg SF 1,063 1,256-1,283 1,521 1,788 1,227

Rent/SF $2.11 $2.29 $1.64 $1.54 $2.16

Community Amenities

Secured Access

Swimming Pool, Spa, BBQ Area, Fitness Center, Study Room, Sun Deck

Courtyard, Fire pit, BBQ Area

Fitness Center, Gated Community, TV Lounge

Fitness Center, Gated Community, BBQ Area, Sun Deck

Swimming Pool, Spa, Fitness Center, BBQ Area, Dog Park, Resident Lounge

Swimming Pool, Spa, Fitness Center, Clubhouse with kitchen, TV/video room

LaundryIn-Unit Washer/Dryer In-Unit Washer/Dryer In-Unit Washer/Dryer In-Unit Washer/Dryer In-Unit Washer/Dryer

Stackable Full Size Washer/Dryer

In-Unit Washer/Dryer

Parking

Tuck-Under and Surface Parking

Gated Parking Garage & Surface Spaces

Surface ParkingGated Underground Parking Garage

Gated Underground Parking Garage

Secured Parking Garage

1-car garages

Notes

95% leased

25% leased Offering $100 off for 6,9 or 12 month lease plus $500 gift card

Recently completed. In lease-up. Offering 1.5 month concession

01

SAN

DIEG

O

BAY

MOSS ST

NATIONALCITY

Greenwood Memorial Park

02

03

SUBJECT PROPERTY

0401

05

06

CHULAVISTA

SKYLINE

BONITA

PARADISEHILLS

BAY \TERRACES

LINCOLNPARK

San Diego Bay

National WildlifeRefuge

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ELEGEND

1 The Kimball

2 Plaza 1640

3 12th Street Lofts

4 Harborview


6 Sereno

01

SAN

DIEG

O

BAY

MOSS ST

NATIONALCITY

Greenwood Memorial Park

02

03

SUBJECT PROPERTY

0401

05

06

CHULAVISTA

SKYLINE

BONITA

PARADISEHILLS

BAY \TERRACES

LINCOLNPARK

San Diego Bay

National WildlifeRefuge

E J ST

E PALOMAR ST

BR

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DW

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D A

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CLID

AV

ELEGEND

1 The Kimball

2 Plaza 1640

3 12th Street Lofts

4 Harborview


6 Sereno



SALE COMPARABLES

01 01

01 01

SUBJECT Plaza Del Rey

01 Shane Park Plaza

02 4263-4269 35th St

03 502 Camden Yards

04 Lakeshore Apartments

05 Lincoln Rock Apartments

AddressNeighborhood

900 E. 12th Street

National City

240-260 S Rancho Santa Fe

San Marcos

4263-4269 35th St

City Heigths

502 Camden Yards Way

El Cajon

12330 Lakeshore Drive

Lakeside

917 W Lincoln Road

Escondido

# of Units 15 23 6 11 6 9

Rentable SF 14,478 15,882 5,100 20,811 5,000 11,934

Year Built 2019 2018 2019 2016 2018 2019

Sale Date FOR SALE 9/4/2019 7/13/2019 10/31/2018 10/1/2019 FOR SALE

Sale Price $5,750,000 $6,601,148 $2,250,000 $5,400,00 $1,635,000 $5,350,000

Price / Unit $383,333 $287,006 $375,000 $490,909 $272,500 $594,444

Price / SF $397 $416 $441 $259 $327 $448

Unit Mix9 - 2BR/2BA 6 - 3BR/2BA

23 - 1BR/1BA2 - 1BR/1.5BA + Den 4 - 2BR/1.5BA

9 - 3BR/3.5BA Townhome with attached 2 Car Garage

5 - 2BR/2BA 1 - 3b/2BA

9 - 3BR/2.5BA Townhome with attached 2 Car Garage

05

02

01

03

SUBJECT PROPERTY

PACIFIC OCEAN

SAN DIEGO

CHULA VISTA

Daley Ranch

04

NATIONAL CITY

ESCONDIDO

SCRIPPS RANCH

RANCHO SANTA FE

CARLSBAD

Mission Trails

Regional Park

Cleveland National

Forest

LEGEND

1 Shane Park Plaza

2 4236-4269 35th Street

3 502 Camden Yards

4 Lakeshore Drive Apts

5 Lincoln Rock



05MARKET

OVERVIEWNATIONAL CITY

REGIONAL OVERVIEW


62,365TOTAL POPULATION

31MEDIAN AGE

3.81AVERAGE FAMILY SIZE

$62,969AVERAGE HOUSEHOLD INCOME

62%RENTER OCCUPIED UNITS

$544,750AVERAGE HOME VALUE

PARADISE VALLEY HOSPITAL 1,138 EMPLOYEES

NATIONAL CITY ELEMENTARY SCHOOL 462 EMPLOYEES

SWEETWATER UNION HIGH SCHOOL 400 EMPLOYEES

WALMART 400 EMPLOYEES

NMS MGMT 300 EMPLOYEES

DIXIELINE PROBUILD 295 EMPLOYEES

CITY OF NATIONAL CITY 275 EMPLOYEES

BALL AUTOMOTIVE GROUP 250 EMPLOYEES

LARGEST CIVILIAN EMPLOYERS

NATIONAL CITY DEMOGRAPHICS

COMPANIES HEADQUARTERED IN

SAN DIEGO

SAN DIEGO MARKET OVERVIEWSTRONG REGIONAL FUNDAMENTALS

Adding to the quality of life, San Diego has the third lowest average commute time in the U.S.

San Diego gained 72,000 degree holders in 2014 alone - more than any other major metro area in the country

Year-over-year, the region’s median home price continued to climb, growing by 2.6%

There are more than 25 incubators and accelerators in San Diego, lending themselves to the region’s small business ecosystem

San Diego is home to the fifth-best rated business community in the country, according to Forbes

The region’s unemployment rate was 3.5% in February, down from a revised 3.8% in January, and unchanged from the year-ago estimate of 3.5%

San Diego ranks second nationally in best return on investment in local public companies with the opportunity to compete for funding to enhance business development growth.

The largest employment gain over the year occurred in educational and healthcare services, which added 6,900 jobs

Tech footprint: Approximately 40 percent of all 2016 leasing transactions were made by tech firms

Per National Climatic Data Center, San Diego is ranked number 4 with number of sunshine hours per year

San Diego is the #1 most patent intense region in U.S., ranking third worldwide

San Diego has the highest concentration of life sciences lab space in the U.S. - more than San Francisco and Boston combined

Show me the money: In 2017, more than one-third of San Diego’s total VC investment - or $420 million - went to tech firms

Rated #1 in concentration of military/defense assets in the world

The only North American - city named among National Geographic’s “World Smart Cities” (2015)

80-plus educational and research institutes in the region

Ranked second, as America’s most playful cities according to Sperling’s

The backbone of San Diego’s economy: international trade, manufacturing, military and tourism


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