For Sale
$14,425,000

4375 Jutland DrSan Diego, CA 92117

Prime San Diego office building, NNN lease, high cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 31,530-square-foot, two-story office building situated on a 2.86-acre lot in San Diego, CA (APN 359-820-06). Built in 1991, this steel-constructed building boasts a 7.27% cap rate and a strong NOI of $1,048,088. Currently operating under a 15-year net lease with 3.7 years remaining, the property offers 100% occupancy and a single tenant. Features include an elevator, secured 24/7 gated access, ample surface and covered parking (3.65/1,000 sq ft ratio), attractive landscaping with a picnic area, full window lines with downtown views, and west-facing balconies on multiple offices. The flexible design allows for single or multi-tenant use. Conveniently located near Interstates 5 and 52, it provides easy access to downtown San Diego and the San Diego International Airport. The property is zoned IP-2-1. The asking price is $14,425,000. This is a rare opportunity to acquire a high-performing, well-maintained office building in a desirable San Diego location.

Highlights

  • Two-story, 31,530 SF office building with lower-level parking garage.
  • Steel construction, built in 1991, situated on a 2.86-acre lot.
  • Elevator service.
  • Flexible design suitable for single or multi-tenant occupancy.
  • Secure building with 24/7 gated access and ample surface and covered parking (3.65/1,000 sq ft ratio).
  • Attractive landscaping with a picnic area.

Property Details for 4375 Jutland Dr

Property type
Specialty properties, Retail properties
Square Feet
31,530 SF
Year Built
1991
Buildings
1
Stories
2
Lot Size (sq. ft)
124,582 SF

Location Insight

City
San Diego
County
San Diego
State
California
Latitude
32.8244137
Longitude
-117.2249845
4375 Jutland Dr, San Diego, California

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4375 Jutland Dr
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