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Three Governor Park 5120 Shoreham Pl 39,081 SF 100% Leased Office Building San Diego, CA 92122 $10,450,000 ($267.39/SF) 7.83% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% Leased with WALT of 2.9 Years
- Impeccably Owned, Renovated, and Maintained by Historical Institutional Ownership
- Strategic Central Location in the Golden Triangle
- Zoning Allows for Medical Use
- 60% leased to GSA Tenants
- Intrinsic Value Below Replacement Cost
EXECUTIVE SUMMARY
Three Governor Park (the “Project”), strategically located in the highly sought-after central submarket of Governor Park in San Diego, California. The Project consists of one free-standing courtyard-style office building totaling 39,081 square feet. Comprised of a strong, highly diversified tenant mix largely propelled by GSA tenants, Three Governor is 100% leased with an attractive WALT of 2.9 years.
Located south of UTC in the Golden Triangle, Governor Park is one of San Diego’s most central office markets with tremendous access to the region’s interstate system and nearby amenities. Historically, Governor Park has outperformed many of its competing submarkets with lower vacancy and higher lease rates.
Located south of UTC in the Golden Triangle, Governor Park is one of San Diego’s most central office markets with tremendous access to the region’s interstate system and nearby amenities. Historically, Governor Park has outperformed many of its competing submarkets with lower vacancy and higher lease rates.
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
39,081 SF
Building Class
B
Year Built
1984
Price
$10,450,000
Price Per SF
$267.39
Cap Rate
7.83%
NOI
$818,235
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
19,541 SF
Slab To Slab
8’
Building FAR
0.37
Lot Size
2.45 AC
Zoning
CO-3-3 - ALLOWS MEDICAL
Parking
135 Spaces (3.8 Spaces per 1,000 SF Leased)
AMENITIES
- Courtyard
- Signage
- Wheelchair Accessible
- Reception
- Natural Light
- Monument Signage
- Outdoor Seating
- Air Conditioning
- Balcony
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Suite includes seven (7) private offices, conference room, break room, open office area and balcony.
| Space | Size | Space Use | Condition | Available |
| 2nd Fl-Ste 285 | 3,268 SF | Office | Full Build-Out | 60 Days |
2nd Fl-Ste 285
| Size |
| 3,268 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 60 Days |
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
2nd Fl-Ste 285
| Size | 3,268 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | 60 Days |
Suite includes seven (7) private offices, conference room, break room, open office area and balcony.
1 1
PROPERTY TAXES
| Parcel Number | 348-031-08 | Improvements Assessment | $3,829,931 |
| Land Assessment | $5,744,897 | Total Assessment | $9,574,828 |
PROPERTY TAXES
Parcel Number
348-031-08
Land Assessment
$5,744,897
Improvements Assessment
$3,829,931
Total Assessment
$9,574,828
1 of 16
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
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Three Governor Park | 5120 Shoreham Pl
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