Property Description

We are pleased to present the opportunity to acquire this multi-tenant office building. Located in the prestigious Governor Park submarket  area of the Golden Triangle, one of the most dynamic office markets in San Diego county. The property has close proximity to the I-805, SR-52, I-5, UTC Westfield, renowned universities, research institutions, and thriving  life science companies. This opportunity allows for an owner-user to occupy a portion of the property for its business while renting out a portion of the property for additional income. Owner-User Flexibility: > 2,000 SF – 16,000 SF Available by January 2024. > Multiple Options Depending on Growth Trajectory. > Operable Windows Allow Natural Ventilation. > Suites Individually Metered for Electricity. Stable Cash Flow: > Largest Tenant Leased through 2027. > Most Tenants Long Term &  Below Market. > 10 of 11 Suites Under 4,000 SF. Freeway Accessibility: > Immediate Access to I-805. > Minutes to SR-52 & I-5. Superior Submarket Fundamentals. > Governor Park 12 Month Office Rent Growth of 4.9%. > Compared to San Diego 12 Month Office Rent Growth of 1.5%. Life Science Upside: > 36 Office/Lab Companies within 5 Miles. > IP-2-1 Zoning: Allows Manufacturing and R & D. Prominent Location: > Superior Ingress/Egress to Neighboring UTC & Sorrento Valley. > Corner Lot – Governor Drive & Greenwich Drive.

Additional Info
Pacific Coast Commercial
Jason
Vieira
07-11-2023 20:54:31
IP-2-1
348-031-04-00
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Commercial-off/rtl/ind

1 Bedrooms
2.17 Sqft
$9,400,000
Listing ID #230021904
Basic Details
Property Type : Commercial-off/rtl/ind
Listing Type : For Sale
Listing ID : 230021904
Price : $9,400,000
Bedrooms : 1
Year Built : 1983
Lot Area : 2.17 Sqft
Status Category : Active
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