4375 Jutland DrSan Diego, CA 92117

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 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.

• 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

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