7170 University AveLa Mesa, CA 91942

Property Details for 7170 University Ave

Year built

1965

Lot size

0.33 AC

Property size (Sq ft)

3,412 SF

Zone code

COMMERCIAL

Property type

Healthcare properties

Property subtype

Medical offices

APN

474-150-27-00

APU

4741502700

Description

This exceptional 3,412 square foot office building in La Mesa, California, presents a unique investment opportunity. The property boasts a highly desirable location at 7170 University Avenue, benefiting from excellent signage visibility and exceptional daily traffic counts exceeding 21,000 vehicles. The building is currently fully vacant, offering immediate occupancy for a new tenant. The expansive 14,526 square foot lot provides ample private parking, a significant advantage in this area. The property's zoning, classified as CFD-MU within the City of La Mesa, allows for a multitude of potential uses, providing flexibility for diverse business needs. Its strategic location offers easy access to major freeways including Highways 94, 125, I-8, and I-15, ensuring convenient commutes for employees and clients. The lease rate is competitively priced at $2.00 per square foot, plus NNN charges. This presents a compelling opportunity to establish a thriving business in a high-traffic, easily accessible location with significant potential for growth and return on investment. The entire 3,412 square feet is available for lease. This is a rare opportunity to secure a substantial office space in a prime La Mesa location.

• CAP approach

  CAP return

  Valuation

  6%

  $715,210

  6.5%

  $660,194

  7%

  $613,037

• Comparable approach

  Method

  Valuation

  Relative Method

  $552,211

  Geo Method

  $1,200,922

• Alternative Use

  Use

  Valuation

  Residential

  $818,641

  Hospitality

  $749,870

  Educational

  $623,883

  Medical

  $645,340

  Retail

  $970,485

Location Insight

City

La Mesa

County

San Diego

State

California

Latitude

32.7553

Longitude

-117.044

CBSA code

41740

CBSA name

SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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