Point Loma Executive Suites 3940 Hancock St 16,893 SF 96% Leased Office Building San Diego, CA 92110 $1,050,000 ($62.16/SF)

South Coast Commercial is pleased to present Point Loma Executive Suites, a well maintained office property located in the heart of San Diego’s Midway District. The property offers an excellent opportunity for an owner-user or investor seeking a desirable commercial asset in one of the region’s most accessible business corridors, with immediate adjacency to the forthcoming Midway Riding project. The Sports Arena and surrounding Midway District have long been a central part of San Diego’s history. Midway Rising seeks to transform 48.5 acres into a thriving new entertainment district with a modern arena, new homes, shops, dining and an urban park.
Recent improvements include fresh interior and exterior paint, replaced HVAC for majority of units, new laminate flooring, new roof and the option for landlord-provided Wi-Fi throughout the building, creating a modern and efficient environment for tenants and business operators alike. The property is situated on a 26,571-square-foot parcel and is improved with approximately 17,213 square feet of building area across two buildings constructed in 1982. The improvements consist of a two-story multi-tenant office building and a separate single-story office building, providing a flexible layout for a variety of professional, service-oriented, and small business users.
The asset sits on an assumable ground lease with the City of San Diego extending through 2035 and benefits from a federally designated HUBZone, providing potential advantages for qualifying businesses pursuing government contracting opportunities. Combining recent capital improvements with functional office space and a strategic coastal location, Point Loma Executive Suites offers a compelling opportunity within a highly sought-after San Diego submarket.