For Sale
$6,950,000

7051 Alvarado RdLa Mesa, CA 91942

Prime Medical Office, I-8 Visibility

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional two-story, 10,000 square foot medical office building in La Mesa, CA, presents a unique owner-user or investment opportunity. Boasting a highly visible location on Interstate 8 with prominent freeway signage, this Class B property enjoys exposure to approximately 170,000 vehicles daily, offering unparalleled "free advertising." Currently configured with three units across two stories, the building includes a 2,500 square foot ground floor space leased to a surgical center, generating existing income. The seller currently occupies the entire second floor and is open to various scenarios, including vacating for an owner-user, creating a new lease, or downsizing to the ground floor space. The property features an elevator and ample on-site parking (45 spaces). Situated in a convenient location with nearby restaurants and businesses, it's also minutes from San Diego State University and other medical facilities. The 38,391 square foot lot is zoned CM-F-D. This NNN-leased property is offered at $6,950,000 ($695/sq ft) with a pro-forma cap rate of 4.10%. The property's prime location, freeway visibility, and existing tenancy make it an attractive investment for both owner-users and investors. Walking distance to the 70th Street Trolley Station adds further convenience.

Highlights

  • Highly visible location on Interstate 8 in La Mesa, CA, with prominent freeway signage and daily exposure to 170,000 vehicles.
  • 10,000 square foot Class B medical office building on a 38,391 square foot lot zoned CM-F-D.
  • 45 on-site parking spaces and an elevator.
  • Owner-user or investment opportunity; currently configured with three units, including a ground floor surgical center lease generating income.
  • Walking distance to the 70th Street Trolley Station.

Property Details for 7051 Alvarado Rd

Property type
Office properties, Medical offices
Square Feet
10,000 SF
Class
B
Buildings
1
Stories
2
Units
3

Location Insight

City
La Mesa
County
San Diego
State
California
Latitude
32.7727854
Longitude
-117.0456182
7051 Alvarado Rd, La Mesa, California

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7051 Alvarado Rd
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