For Sale
$8,169,000

4850 67Th StSan Diego, CA 92115

10,475 SF, 20-Year NNN Lease, 6.75% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 10,475-square-foot medical office building situated on a 0.82-acre lot at 4850 67th Street, San Diego, CA 92115. The property, built in 1969 and extensively renovated in 2024, is currently 100% occupied by Altignis Treatment Facility under a 20-year triple-net (NNN) lease with a corporate guarantee. The lease commenced upon closing and features a strong annual rent of $551,408, with built-in 2% annual increases. This translates to a compelling 6.75% cap rate and a price per square foot of $779.86. The property benefits from its location in a high-income area, with average household incomes exceeding $96,500 within a five-mile radius. The lease structure minimizes landlord responsibilities, offering a passive income stream with significant long-term growth potential. This is a rare opportunity to acquire a stable, high-performing medical office investment in a desirable San Diego location. The property offers a secure, long-term investment with a proven tenant and a robust lease structure.

Highlights

  • Brand new building with a 20-year triple-net (NNN) lease, including four 5-year renewal options.
  • 2% annual rent increases throughout the base term and option periods.
  • Located in a high-income area with average household income exceeding $96,500 within a five-mile radius.

Property Details for 4850 67Th St

Property type
Office properties, Medical offices
Square Feet
10,475 SF
Year Built/Renovated
1969/2024
Lot Size (sq. ft)
35,719 SF

Location Insight

City
San Diego
County
San Diego
State
California
Latitude
32.7671385
Longitude
-117.0541926
4850 67Th St, San Diego, California

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4850 67Th St
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