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JUST LISTED! Owner-User/Investment | La Mesa Office Building

Updated: Jun 24, 2022



Pacific Coast Commercial is pleased to present the opportunity to acquire this best-in-class office building located in the heart of La Mesa just a 5-minute walk to the historic downtown La Mesa Village. The property consists of two (2) floors of office space over a drive through covered parking area on the first floor. The property has a diversified mix of tenants, dentist, County of San Diego, and financial services. The surrounding neighborhood has ten (10) restaurants of all types within 5–10-minute walk from the property. Minutes from Interstate 8 and Highways 125 and 94.


Upside rent potential to lease the two (2) available suites on a rentable SF basis and future conversion of existing tenants to rentable SF when renewing leases.


With two (2) leases expiring and 9,115 SF of space coming available this is an excellent opportunity for and Owner/User or an investor looking for a high-quality office property with minimal competition in the La Mesa market.


PROPERTY TYPE

+/- 25,916 SF Office Building

Owner-User or Investment


SALE PRICE

$8,442,700 ($325/SF)

CAP Rate: 5.54%


PROPERTY HIGHLIGHTS

  • Located in the heart of La Mesa just a 5-minute walk to historic downtown La Mesa.

  • Upside rent potential to lease the two (2) available suites on a rentable SF basis and future conversion of existing tenants to rentable SF when renewing leases.

  • With two (2) leases expiring and 9,115 SF of space coming available this is an excellent opportunity for and Owner/User or an investor looking for a high-quality office property with minimal competition in the La Mesa market.

  • Minutes from Interstate 8 and Highways 125 and 94.

  • Covered parking with some reserved parking for all tenants in the building.

  • Well maintained building with professional image common areas, hallways & restrooms.

  • 79 Total Spaces with Pro-Rata Reserved Parking for All Tenants



Contact Agent for More Details (619) 469-3600


BRIAN CREPEAU

Vice President of Management

Sales & Leasing

Lic. 01169628


KEN ROBAK

Executive Vice President

Lic. 01236527

The information contained herein has been given to us by the owner of the property or other sources we deem reliable, we have no reason to doubt its accuracy, but we do not guarantee it. All information including zoning and use should be verified prior to purchase or lease.


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