4375 Jutland DrSan Diego, CA 92117

  • Retail properties
  • 31,530 SF
For Sale
$14,425,000 View listing

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
4375 Jutland Dr, San Diego, California

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$158,624
$7,655,521
$5,249,500
$12,905,021
-
-
-
-

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].