Share This Listing

Message

940 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

Richley Medical Plaza 3434 Midway Dr 24,062 SF 95% Leased Office Building San Diego, CA 92110 $9,450,000 ($392.74/SF) 6.82% Cap Rate

Save this listing!

Favorite this listing to get notified of price updates, new media and more

INVESTMENT HIGHLIGHTS

  • Long-Term Tenants / Stable Cash-Flow
  • Value-Add Location Adjacent to Pechanga Stadium
  • $600,000+ Recent Renovation
  • High-Quality Investment Opportunity
  • $2 Billion+ Redevelopment Project - 16,500 Seat Stadium / 4,250 Apartments / 130,000 SF Retail & Entertainment / 200+ Hotel Rooms
  • 96% Occupied / Core Tenant in Operation for 34 Years / 30+ Multistate Locations

EXECUTIVE SUMMARY

434 Midway Drive is a 26,500 SF Medical Office Building (MOB) with a Medicare certified Ambulatory Surgery Center (ASC). The building is located in San Diego at the intersection of I-5 and I-8, two of the busiest highways in California, with a combined daily traffic of 330,000+ cars. It is situated adjacent to the Pechanga Arena, a leading sports and entertainment venue in California with $468 Million annual revenue and over 750,000 visitors. The surrounding area is undergoing a $2 Billion+ redevelopment that will bring an NBA and hockey team to the new 16,000-seat stadium, create a 130,000 SF shopping and entertainment center, build 4,250 new apartments and 200+ hotel rooms. The Property was recently renovated at the cost of $600,000+ and it is 96% occupied by long-term tenants. Core tenants include a multi-specialty surgery center and the largest privately held pain management group on the West Coast. It presents an ideal cash-flow investment opportunity with stable long-term returns.

ATTACHMENTS

3434 Midway_OM_r

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
24,062 SF
Building Class
B
Year Built/Renovated
1993/2024
Price
$9,450,000
Price Per SF
$392.74
Cap Rate
6.82%
NOI
$644,490
Percent Leased
95%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
13,250 SF
Slab To Slab
9’
Building FAR
0.65
Lot Size
0.85 AC
Zoning
CC-1-3 - Commercial / Medical
Parking
54 Spaces (2.24 Spaces per 1,000 SF Leased)

AMENITIES

  • Atrium
  • Security System
  • Signage
  • Skylights
  • Wheelchair Accessible
  • Storage Space
  • Air Conditioning
  • Backup Power / Generators

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Professional, Scientific, and Technical Services
  • -
  • -
  • Modified Gross
  • May 2027

ARCpoint Labs is a national, full-service, third-party provider/administrator of accurate, reliable, and confidential diagnostic testing. They offer safe, reliable testing for individuals, companies, and legal and healthcare professionals. They've been in the drug and alcohol testing business for 20+ years, and their staff has over 60 years of combined industry experience. Their industry experts have developed comprehensive programs that address the wide-ranging aspects of federally mandated and non-regulated programs that assist clients in creating and maintaining a drug and alcohol-free workplace. Additionally, they provide the means for individuals to order tests to monitor and maintain a healthy life, in many cases without the need for a physician order. ARCPoint’s comprehensive testing services are built around their passion to reduce drug abuse and empower individuals and companies to manage their health and wellness through affordable lab screenings.

  • Health Care and Social Assistance
  • -
  • -
  • -
  • -

Synovation Medical Group aims to restore function and richness to patients’ lives, giving them control over their pain and reducing their reliance on medications through collaborative, multidisciplinary pain management programs that are unavailable elsewhere. Synovation Medical Group strives to be a leader in pain management by starting with the premise that treatments must be innovative, ethical, and efficient. Their specialists come from a wide variety of disciplines, including Physical Medicine and Rehabilitation, Neurology, Anesthesiology, Physical and Occupational Therapy, Alternative and Complementary Medicine, and Behavioral Health. They collaborate and integrate these approaches to find the right individual approach for each patient and their goals.

  • Health Care and Social Assistance
  • -
  • -
  • -
  • -

Why wait hours in a San Diego emergency room when you can quickly get affordable, quality care in as little as 5 minutes? They have provided personal, exceptional care in San Diego for over 20 years. Their San Diego urgent care center is well-equipped to handle most of your non-life-threatening medical emergencies; no appointment is needed. When you need emergency care in San Diego, trust the well-trained staff of experienced doctors, nurses, and technicians.

  • Viva Wellness Medical Group
  • Services
  • -
  • -
  • -
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Professional, Scientific, and Technical Services - - Modified Gross May 2027
Health Care and Social Assistance - - - -
Health Care and Social Assistance - - - -
Viva Wellness Medical Group Services - - - -

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 2nd Fl-Ste 2008
  • 1,090 SF
  • Office/Medical
  • Full Build-Out
  • Now

Large open area, three offices and a restroom.

Space Size Space Use Condition Available
2nd Fl-Ste 2008 1,090 SF Office/Medical Full Build-Out Now

2nd Fl-Ste 2008

Size
1,090 SF
Space Use
Office/Medical
Condition
Full Build-Out
Available
Now

2nd Fl-Ste 2008

Size 1,090 SF
Space Use Office/Medical
Condition Full Build-Out
Available Now

Large open area, three offices and a restroom.

Walk Score®
Very Walkable (85)
Bike Score®
Very Bikeable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
441-650-22
Land Assessment
$4,374,583
Improvements Assessment
$2,187,291
Total Assessment
$6,561,874
  • Listing ID: 38424435

  • Date on Market: 11/12/2025

  • Last Updated:

  • Address: 3434 Midway Dr, San Diego, CA 92110

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}