427 C StSan Diego, CA 92101

Property Details for 427 C St

Year built

1965

Lot size

0.24 AC

Property size (Sq ft)

49,249 SF

Zone code

COMMERCIAL

Property type

Office properties

Property subtype

Office buildings

APN

533-525-07-00

APU

5335250700

Description

The Marston Building, a historic landmark located at 427 C Street in San Diego's Downtown Civic Centre submarket, offers unique office space for lease. This four-story, Class C building, constructed in 1896 and renovated in 1989, boasts 41,262 square feet of total space. The building comprises nine suites, with a significant amount of vacant space totaling 21,609 square feet. Flexible lease options are available, accommodating businesses needing as little as 507 square feet or up to a contiguous 7,112 square feet. The building features a striking atrium, high ceilings (15 feet), and an on-site cafe. While parking is not available on-site, the building benefits from its convenient location across from the House of Blues and close to C Street transit lines. The building includes an elevator, although it's described as "cage-style." The property is categorized as Traditional Office, Creative Office, and Executive Office space, making it suitable for a variety of businesses. This historic building offers a unique blend of character and modern convenience in a prime downtown location. The building's HVAC system ensures climate-controlled comfort. Inquire today about leasing opportunities in this distinctive San Diego property.

• CAP approach

  CAP return

  Valuation

  6%

  $10,323,384

  6.5%

  $9,529,278

  7%

  $8,848,615

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,970,644

  Geo Method

  $17,334,170

• Alternative Use

  Use

  Valuation

  Residential

  $11,816,304

  Hospitality

  $10,823,671

  Educational

  $9,005,168

  Medical

  $9,314,869

  Retail

  $14,008,038

Location Insight

City

San Diego

County

San Diego

State

California

Latitude

32.7165

Longitude

-117.16

CBSA code

41740

CBSA name

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

Property Tax & Assessments

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