7961-7995 University Ave
La Mesa, CA 91942
Social Security Administration · Office Property For Sale
Investment Highlights
- 11-year lease thru January 31, 2031
- Long term tenant: SSA has operated at this location since 2000
- Over 1/6 of the population is aged 65 or older
- United States of America is a AA+ rated credit tenant
- Highly populated and higher income area, with over 479,000 residents and average household incomes of over $80,000 per year in a 5-mile radius
- Substantial renovations of over $800,000 in process at the property including new 15-year roof
Property Facts
About 7961-7995 UNIVERSITY AVE , LA MESA, CA 91942
The offering is a long-term GSA leased Social Security Office in La Mesa, CA. The Social Security Administration signed a 15-year lease through 2031, with scheduled rent increases, and has operated at this location since 2000. The United States government is a premier investment grade tenant with an AA+ credit rating. The location serves a significant number of citizens in the San Diego MSA. The subject property is a single-story 9,500 square foot office building located nine miles east of downtown San Diego. The property is currently undergoing substantial renovations including a new roof with a 15-year warranty, a complete upgrade to the interior, new bathrooms, carpeting, paint, facade work, and more. Situated on a desirable signalized hard corner adjacent to a Vons anchored shopping center, the property has two points of ingress and egress on the hard corner of a densely trafficked intersection, seeing over 20,000 vehicles per day.
Property Taxes
| Parcel Number | 470-561-20 | Improvements Assessment | $1,348,470 |
| Land Assessment | $961,476 | Total Assessment | $2,309,946 |
Property Taxes
