5120 Shoreham Pl - Office FOR SALE


San Diego, CA 92122
$10,450,000 USD
858-558-5635
5120 Shoreham Pl, San Diego, CA for Sale
$10,450,000 USD
Office - FOR SALE
1/15
null | 7.83% Cap Rate

5120 Shoreham Pl
San Diego, CA 92122


HIGHLIGHTS

  • 100% Leased with WALT of 2.9 Years
  • Zoning Allows for Medical Use
  • Impeccably Owned, Renovated, and Maintained by Historical Institutional Ownership
  • 60% leased to GSA Tenants
  • Strategic Central Location in the Golden Triangle
  • Intrinsic Value Below Replacement Cost

OVERVIEW

Three Governor Park (the “Project”), strategically located in the highly sought-after central submarket of Governor Park in San Diego, California. The Project consists of one free-standing courtyard-style office building totaling 39,081 square feet. Comprised of a strong, highly diversified tenant mix largely propelled by GSA tenants, Three Governor is 100% leased with an attractive WALT of 2.9 years. Located south of UTC in the Golden Triangle, Governor Park is one of San Diego’s most central office markets with tremendous access to the region’s interstate system and nearby amenities. Historically, Governor Park has outperformed many of its competing submarkets with lower vacancy and higher lease rates.

FOR SALE DETAILS

PRICE

$10,450,000 USD

PRICE/SF

$267 USD /SF

CAP RATE

7.83%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Three Governor Park

PROPERTY TYPE

Office

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

135

LAND DETAILS

LAND ACRES

2.45 AC

LAND SF

106,722 SF

ZONING

CO-3-3

APN/PARCEL ID

348-031-08

ASK ABOUT THIS PROPERTY

Louay AlsadekCBRE, Inc.More Info
858-558-5635

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Louay AlsadekCBRE, Inc.More Info
858-558-5635

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.