Description
We are pleased to present theopportunity to acquire this multi-tenant office building. Located in the prestigious Governor Park submarketarea of the Golden Triangle, one of the most dynamic office markets in San Diego county. The property has close proximity to the I-805, SR-52, I-5, UTC Westfield, renowned universities, research institutions, andthriving life science companies. This opportunity allows for an owner-user to occupy a portion of the property for its business while renting out a portion of the property for additional income. Owner-User Flexibility: > 2,000 SF - 16,000 SF Available by January 2024. > Multiple Options Depending on Growth Trajectory. > Operable Windows Allow Natural Ventilation. > Suites Individually Metered for Electricity. Stable Cash Flow: > Largest Tenant Leased through 2027. > Most Tenants Long Term & Below Market. > 10 of 11 Suites Under 4,000 SF. Freeway Accessibility: > Immediate Access to I-805. > Minutes to SR-52 & I-5. Superior Submarket Fundamentals. > Governor Park 12 Month Office Rent Growth of 4.9%. > Compared to San Diego 12 Month Office Rent Growth of 1.5%. Life Science Upside: > 36 Office/Lab Companies within 5 Miles. > IP-2-1 Zoning:Allows Manufacturing and R & D. Prominent Location: > Superior Ingress/Egress to Neighboring UTC & Sorrento Valley. > Corner Lot - Governor Drive & Greenwich Drive. Property Website: https://www.privateinvestmentteam.com/one-governor-park Property Video: https://www.youtube.com/watch?v=K_hpBYgf97A
-
0BEDS
-
2.17ACRES
-
0BATHS
-
01/2 BATHS
School Ratings & Info
Description
We are pleased to present theopportunity to acquire this multi-tenant office building. Located in the prestigious Governor Park submarketarea of the Golden Triangle, one of the most dynamic office markets in San Diego county. The property has close proximity to the I-805, SR-52, I-5, UTC Westfield, renowned universities, research institutions, andthriving life science companies. This opportunity allows for an owner-user to occupy a portion of the property for its business while renting out a portion of the property for additional income. Owner-User Flexibility: > 2,000 SF - 16,000 SF Available by January 2024. > Multiple Options Depending on Growth Trajectory. > Operable Windows Allow Natural Ventilation. > Suites Individually Metered for Electricity. Stable Cash Flow: > Largest Tenant Leased through 2027. > Most Tenants Long Term & Below Market. > 10 of 11 Suites Under 4,000 SF. Freeway Accessibility: > Immediate Access to I-805. > Minutes to SR-52 & I-5. Superior Submarket Fundamentals. > Governor Park 12 Month Office Rent Growth of 4.9%. > Compared to San Diego 12 Month Office Rent Growth of 1.5%. Life Science Upside: > 36 Office/Lab Companies within 5 Miles. > IP-2-1 Zoning:Allows Manufacturing and R & D. Prominent Location: > Superior Ingress/Egress to Neighboring UTC & Sorrento Valley. > Corner Lot - Governor Drive & Greenwich Drive. Property Website: https://www.privateinvestmentteam.com/one-governor-park Property Video: https://www.youtube.com/watch?v=K_hpBYgf97A
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-03T15:28:14.757. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or EQTY | Forbes Global Properties. Licensed in the State of California, USA.