888 Prospect StSan Diego, CA 92037

Property Details for 888 Prospect St

Year built

1984

Lot size

0.74 AC

Property size (Sq ft)

60,921 SF

Zone code

COMMERCIAL

Property type

Retail properties

Property subtype

Retail space

APN

350-070-31-00

APU

3500703100

Description

This exceptional Class A office building, located at 888 Prospect Street, Suite 200, in La Jolla, California 92037, offers a diverse range of workspace solutions. Boasting a total of 15,870 square feet, the building features 350 suites, with a current vacancy of 5,970 square feet. The space is ideal for businesses of all sizes, offering flexible options from a minimum of 10 square feet up to a maximum contiguous space of 1,300 square feet. Multiple tenancy options are available, catering to diverse business needs. The building underwent renovations in 2019 and includes convenient elevator access. Situated in San Diego County, this property enjoys a prestigious oceanside location, just a five-minute walk from the beach and a short drive from the heart of San Diego. Its proximity to the vibrant La Jolla Village, a hub for biotech and software companies, makes it an attractive location for businesses seeking a thriving and collaborative environment. The building's elegant design and amenities create a productive and inspiring workspace, complemented by the nearby waterfront restaurants and the renowned Torrey Pines Golf Course. This is a truly unique opportunity to establish your business in a highly desirable and convenient location.

• CAP approach

  CAP return

  Valuation

  6%

  $18,771,934

  6.5%

  $17,327,940

  7%

  $16,090,230

• Comparable approach

  Method

  Valuation

  Relative Method

  $24,846,404

  Geo Method

  $54,034,760

• Alternative Use

  Use

  Valuation

  Residential

  $14,616,766

  Hospitality

  $13,388,879

  Educational

  $11,139,390

  Medical

  $11,522,491

  Retail

  $17,327,940

Location Insight

City

La Jolla

County

San Diego

State

California

Latitude

32.8467

Longitude

-117.276

CBSA code

41740

CBSA name

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

Property Tax & Assessments

FAQs

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