4375 Jutland DrSan Diego, CA 92117
- Retail properties
- 31,530 SF
Property Details for 4375 Jutland Dr
- Year built
- 1991
- Lot size
- 2.86 AC
- Property size (Sq ft)
- 31,530 SF
- Zone code
- COMMERCIAL
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 359-820-06-00
- APU
- 3598200600
Description
This exceptional investment opportunity presents a 31,530-square-foot, two-story office building situated on a 2.86-acre lot in San Diego, CA (APN 359-820-06). Built in 1991, this steel-constructed building boasts a 7.27% cap rate and a strong NOI of $1,048,088. Currently operating under a 15-year net lease with 3.7 years remaining, the property offers 100% occupancy and a single tenant. Features include an elevator, secured 24/7 gated access, ample surface and covered parking (3.65/1,000 sq ft ratio), attractive landscaping with a picnic area, full window lines with downtown views, and west-facing balconies on multiple offices. The flexible design allows for single or multi-tenant use. Conveniently located near Interstates 5 and 52, it provides easy access to downtown San Diego and the San Diego International Airport. The property is zoned IP-2-1. The asking price is $14,425,000. This is a rare opportunity to acquire a high-performing, well-maintained office building in a desirable San Diego location.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $9,715,519
- 6.5%
- $8,968,171
- 7%
- $8,327,588
-
Comparable approach
- Method
- Valuation
- Relative Method
- $12,859,394
- Geo Method
- $27,965,988
-
Alternative Use
- Use
- Valuation
- Residential
- $7,564,988
- Hospitality
- $6,929,488
- Educational
- $5,765,252
- Medical
- $5,963,528
- Retail
- $8,968,171
Location Insight
- City
- San Diego
- County
- San Diego
- State
- California
- Latitude
- 32.8241
- Longitude
- -117.225
- CBSA code
- 41740
- CBSA name
- SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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