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Stadium Park East 4616 Mission Gorge Pl 5,400 SF 100% Leased Office Building San Diego, CA 92120 $2,220,000 ($411.11/SF) 5.50% Cap Rate
Executive Summary
? Minutes from and easy access to Freeway #8, #805, and #15
? Newer Roof and HVAC systems
? The desirable Central East Mission Valley/Grantville location provides exceptional accessibility to your clients and short commutes for your employees.
? Walk to Grantville Trolley stop, lunch restaurant, post office, Vegan Market, convenience store, and others within 1 block+/.
? Ample parking, including abundant and available street parking, is adjacent to the property.
? Excellent Demographics with approx. 214,000 people within 3 miles, approx. 480,000 people within a 5-mile radius of the site. Your business will have a large pool of employees to draw from.
? The building has a flexible Floor plan and 100% of the space is improved with heating and air conditioning systems. The Building can accommodate a wide variety of uses, including office, retail, medical, dental, regional sales office, corporate headquarters, and light manufacturing/industrial.
? Potential 5.5% +/- Cap Rate for an investor purchaser by leasing out the building, currently divided into two suites with separate bathrooms.
? Newer Roof and HVAC systems
? The desirable Central East Mission Valley/Grantville location provides exceptional accessibility to your clients and short commutes for your employees.
? Walk to Grantville Trolley stop, lunch restaurant, post office, Vegan Market, convenience store, and others within 1 block+/.
? Ample parking, including abundant and available street parking, is adjacent to the property.
? Excellent Demographics with approx. 214,000 people within 3 miles, approx. 480,000 people within a 5-mile radius of the site. Your business will have a large pool of employees to draw from.
? The building has a flexible Floor plan and 100% of the space is improved with heating and air conditioning systems. The Building can accommodate a wide variety of uses, including office, retail, medical, dental, regional sales office, corporate headquarters, and light manufacturing/industrial.
? Potential 5.5% +/- Cap Rate for an investor purchaser by leasing out the building, currently divided into two suites with separate bathrooms.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
5,400 SF
Building Class
C
Year Built
1971
Price
$2,220,000
Price Per SF
$411.11
Cap Rate
5.50%
NOI
$122,100
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,400 SF
Slab To Slab
10’
Building FAR
0.92
Lot Size
0.14 AC
Zoning
CC 3-8 FORMERLY IL-3-1 - CC 3-8 potentially allows for a wide variety of office, medical, dental, retail and some light industrial/manfacturer (grandfathered in)
Parking
15 Spaces (2.78 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Reception
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
50/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 461-610-06 | Improvements Assessment | $945,723 |
| Land Assessment | $630,482 | Total Assessment | $1,576,205 |
Property Taxes
Parcel Number
461-610-06
Land Assessment
$630,482
Improvements Assessment
$945,723
Total Assessment
$1,576,205
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Stadium Park East | 4616 Mission Gorge Pl
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