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(Photo courtesy: Colliers International San Diego Region)

Iconic Six Property Restaurant Portfolio Listed for Sale

Patio on Lamont, Saskas, former Swell Coffee Co. and former Himmelberg’s properties listed for sale

San Diego CAColliers International San Diego Region announces the listing of an iconic portfolio of four restaurants and two parking lots located in Central San Diego for sale, subject to court approval, a possible auction process and landlord approval in one instance. The portfolio includes the two operating full service restaurants – Patio on Lamont and Saskas, one recently closed full service restaurant – Himmelberg’s, as well as a recently closed coffee shop and sandwich location Swell Coffee Co.  Additionally included in the portfolio are two operating parking lots in Mission Beach – one owned and one leased.

Buyers may elect to bid on any individual or multiple properties. Interested parties can contact Bill Shrader and Joe Brady of Colliers International’s Urban Property Team for any inquiries regarding the portfolio.

“This portfolio represents a unique investment opportunity to acquire up to six properties in the heart of two of San Diego’s most bustling neighborhoods: East Village and Pacific Beach,” said Shrader. “The four buildings feature fully fixtured restaurant operations with high-level upgrades that are all positioned for future success.”

In addition to one owned parking lot and one leasehold parking lot, both located in Mission Beach, the portfolio includes the following properties:

The Patio on Lamont: Sitting just a few blocks from the beach in the Pacific Beach neighborhood, this location is currently operating and has been a dining destination for more than 3 decades. The 6,525 square-foot parcel includes an extremely valuable, beach area, Type 47 liquor license and the value-add opportunity to add multi-family units in the future.

Saskas: Conveniently located between the Pacific Ocean and Mission Bay in Mission Beach, this 2,740 square-foot building has been a local eatery for more than 60 years. The property was completely renovated in 2017 and is currently operating. This location includes a Type 47 liquor license.

Former Himmelberg’s: Situated near Petco Park in San Diego’s East Village neighborhood, the 3,750 square-foot building was renovated in 2016 and is currently closed but was previously a sports bar/hangout with a strong following from locals and tourists alike. This location also includes a Type 47 liquor license.

Former Swell Coffee Company: Ideally located between the Pacific Ocean and Mission Bay, this 1,257 square-foot property was the former destination for coffee and light food.  The property enjoyed  a strong sales history but is currently closed.