2534 State St - Office FOR SALE


San Diego, CA 92101- Midway District
$3,450,000 USD
619-567-2677
2534 State St, San Diego, CA for Sale
$3,450,000 USD
Office - FOR SALE
1/26
null | Request Cap Rate

2534 State St
San Diego, CA 92101
Midway District


HIGHLIGHTS

  • Total price for building and adjacent lot (5,002 SF/20 parking stalls): $4,600,0000
  • Multiple revenue streams including MTM leases and virtual rent
  • Readily available for an owner-user
  • Zoning allows medical office
  • Close to 1-5, Downtown, Little Italy, Balboa Park, Airport
  • Modern executive suite layout with elevator access and covered parking

OVERVIEW

This high-quality office building includes elevator service and integrated on-site covered, secure parking. The 7,004 SF, 3-story property features a modern design and offers multiple income streams, including executive suites and virtual rentals through mailbox services. The adjoining 5,002 SF gated parking lot with up to 20 parking spaces and can be sold together with the office building or separately. The property is located in the highly accessible Banker’s Hill / Mission Hills neighborhood, ideally adjacent to I-5 and just minutes from Downtown San Diego, Little Italy, Balboa Park, and San Diego International Airport. The property is currently 100% occupied but can be made readily available for an owner-user. The current owner occupies 50% of the space and will vacate, while the remaining tenants are on month-to-month leases, offering additional flexibility. TOTAL PRICE FOR BUILDING AND ADJACENT LOT: $4,600,000 Gated Parking Lot Details: 2516-20 State St 5,002 SF 20 parking stalls

FOR SALE DETAILS

PRICE

$3,450,000 USD

PRICE/SF

$493 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Office Building + Adjacent Lot | $4.6M

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

5,004 SF

ZONING

CL-6

APN/PARCEL ID

533-055-09

ASK ABOUT THIS PROPERTY

Ryan KingCAST Capital PartnersMore Info
619-567-2677

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Ryan KingCAST Capital PartnersMore Info
619-567-2677

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