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State Street Offices 2534 State St 7,004 SF 100% Leased Office Building San Diego, CA 92101 $3,500,000 ($499.71/SF)



Investment Highlights
- Modern executive suite layout
- Elevator access
- Option to purchase gated parking
- Multiple revenue streams
- Covered parking
- Close to 1-5, Downtown, Little Italy, Balboa Park, Airport
Executive Summary
This high-quality office building includes elevator service and integrated on-site covered, secure parking. The 7,004 SF, 3-story property features a modern design and offers multiple income streams, including executive suites and virtual rentals through mailbox services. The adjoining 5,002 SF gated parking lot consists of approximately 12 parking spaces and can be sold together with the office building or separately. The property is located in the highly accessible Banker’s Hill / Mission Hills neighborhood, ideally adjacent to I-5 and just minutes from Downtown San Diego, Little Italy, Balboa Park, and San Diego International Airport.
The property is currently 100% occupied but can be made readily available for an owner-user. The current owner occupies 50% of the space and will vacate, while the remaining tenants are on month-to-month leases, offering additional flexibility.
Gated Parking Lot Address: 2516-20 State St
The property is currently 100% occupied but can be made readily available for an owner-user. The current owner occupies 50% of the space and will vacate, while the remaining tenants are on month-to-month leases, offering additional flexibility.
Gated Parking Lot Address: 2516-20 State St
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
7,004 SF
Building Class
B
Year Built
2008
Price
$3,500,000
Price Per SF
$499.71
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
2,835 SF
Slab To Slab
9’
Building FAR
1.40
Lot Size
0.11 AC
Zoning
CL-6
Parking
9 Spaces (1.28 Spaces per 1,000 SF Leased)
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Walk Score®
Very Walkable (89)
Property Taxes
| Parcel Number | 533-055-09 | Improvements Assessment | $2,373,512 |
| Land Assessment | $887,845 | Total Assessment | $3,261,357 |
Property Taxes
Parcel Number
533-055-09
Land Assessment
$887,845
Improvements Assessment
$2,373,512
Total Assessment
$3,261,357
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State Street Offices | 2534 State St
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