3940 Hancock St - Office FOR SALE


San Diego, CA 92110- Midway District
$1,050,000 USD
619-916-9179
3940 Hancock St, San Diego, CA for Sale
$1,050,000 USD
Office - FOR SALE
1/10
null | Request Cap Rate

Sep '26


3940 Hancock St
San Diego, CA 92110
Midway District


HIGHLIGHTS

  • Centrally Located Coastal Office Property
  • Adjacency to Midway Rising
  • Fantastic Owner-User or Investor Opportunity
  • Ground Lease with City of SD to 2035

OVERVIEW

South Coast Commercial is pleased to present Point Loma Executive Suites, a well maintained office property located in the heart of San Diego’s Midway District. The property offers an excellent opportunity for an owner-user or investor seeking a desirable commercial asset in one of the region’s most accessible business corridors, with immediate adjacency to the forthcoming Midway Riding project. The Sports Arena and surrounding Midway District have long been a central part of San Diego’s history. Midway Rising seeks to transform 48.5 acres into a thriving new entertainment district with a modern arena, new homes, shops, dining and an urban park. Recent improvements include fresh interior and exterior paint, replaced HVAC for majority of units, new laminate flooring, new roof and the option for landlord-provided Wi-Fi throughout the building, creating a modern and efficient environment for tenants and business operators alike. The property is situated on a 26,571-square-foot parcel and is improved with approximately 17,213 square feet of building area across two buildings constructed in 1982. The improvements consist of a two-story multi-tenant office building and a separate single-story office building, providing a flexible layout for a variety of professional, service-oriented, and small business users. The asset sits on an assumable ground lease with the City of San Diego extending through 2035 and benefits from a federally designated HUBZone, providing potential advantages for qualifying businesses pursuing government contracting opportunities. Combining recent capital improvements with functional office space and a strategic coastal location, Point Loma Executive Suites offers a compelling opportunity within a highly sought-after San Diego submarket.

FOR SALE DETAILS

PRICE

$1,050,000 USD

PRICE/SF

$62 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Point Loma Executive Suites

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.61 AC

LAND SF

26,572 SF

ZONING

CC-3-8

APN/PARCEL ID

760-102-04

ASK ABOUT THIS PROPERTY

Sean BascomSouth Coast Commercial, Inc.More Info
619-916-9179

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Sean BascomSouth Coast Commercial, Inc.More Info
619-916-9179

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