Offer Price:

$8,600,000

Price/SF:

$203.98

CAP Rate:

6.76%

NOI:

$581,655

Leased:

89%

Gross Building Area:

42,160 SF

Status:

Available



Investment Highlights

  • 89% Leased, Three Story over Parking, Corporate Office Building
  • 42,160 SF of Gross Building Area on 1.12 Acres of Land
  • Diverse Mix of Professional Office Tenants
  • In-Place Rental Rates $1.86/SF Gross + E
  • Priced at $203/SF, Significantly Below Replacement Value
  • Expertly Managed and Exceptionally Maintained
  • Elevator Served, Secured Key Card Access, and Reserved Garage Parking Available
  • 3.5/1,000 Parking Ratio

Mission Valley:

  • Superior Freeway Visibility along the 8 and 805 Freeways
  • Quick Access to Amenity Rich Environment of Mission and Fashion Valley Shopping Malls
  • Average Market Office Rates have Reached $2.53/sf/mo Gross with Leases Signed for Class-B Product at $2.05/sf/mo + E
  • Market Vacancy Rate has Reached an Average of 6.7%

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