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13400 Sabre Springs PkwySan Diego, CA 92128

Prime San Diego location, 100% occupied, conversion potential.

Overview

Added:
Dec 11, 2024
Days on market:
115
This 48,435 square foot, two-story Class B office building sits on a 3.2-acre lot in San Diego's Sabre Springs, a high-demand area with exceptional access to major freeways (I-15 and CA-56/Ted Williams Parkway) and public transportation (adjacent MTS stop). Built in 2002, the property boasts a 100% occupancy rate and has consistently maintained high occupancy for over a decade, even weathering the pandemic without rent concessions. Its location within the Tier 4 Complete Communities zone allows for a "by-right" conversion to residential use under Ordinance 21275, leveraging a Floor Area Ratio (FAR) based code. The current zoning (CO-1-2) permits a mix of office and residential uses, with a maximum density of one dwelling unit per 1,500 square feet of lot area. The surrounding area is home to a dense concentration of Fortune 500 companies, including Apple, Amazon, and Google, with Apple recently investing in a large campus nearby. Future residents will benefit from proximity to over 1.3 million jobs within a 20-mile radius and abundant retail options, including Trader Joe's, Costco, and Target, all within a two-mile radius. The Sabre Springs community itself is highly affluent, with an average household income exceeding $157,257 and recent home sales averaging over $1.3 million. This presents a unique opportunity to capitalize on both the existing stable income stream and the significant potential for redevelopment into residential units.

Highlights

  • 100% leased, 48,435 SF Class B office building on a 3.2-acre lot in San Diego's Sabre Springs.
  • Excellent freeway (I-15, CA-56) and public transit access. Consistently high occupancy (over 95% for 10+ years), including during the pandemic.
  • By-right conversion potential to residential use under Ordinance 21275 (Tier 4 Complete Communities zone). Current CO-1-2 zoning allows mixed-use development.
  • Prime location near major employers (Apple, Amazon, Google, etc.), with Apple's recent $445M campus investment nearby. Access to 1.3M+ jobs within a 20-mile radius.
  • Abundant retail amenities (Trader Joe's, Costco, Target) within two miles. Located in a highly affluent area (average household income over $157,257, average home sales over $1.3M).

Property Details for 13400 Sabre Springs Pkwy

Property type
Office properties
Square Feet
48,435 SF
Class
B
Year Built
2002
Buildings
1
Stories
2
Lot Size (sq. ft)
139,392 SF

Location Insight

City
San Diego
County
San Diego
State
California
Latitude
32.9617034
Longitude
-117.0931066
13400 Sabre Springs Pkwy, San Diego, California

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13400 Sabre Springs Pkwy
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