858-546-2636
525 B St, San Diego, CA for Sale
Office - FOR SALE
1/12
null | Request Cap Rate

525 B St
San Diego, CA 92101
Marina District


HIGHLIGHTS

  • 525 is the highest-parked office asset on the B Street corridor with a parking ratio of 1.6/1,000 RSF
  • Over $3 million in topline revenue is generated from the parking income, making up nearly 42% of the NOI
  • ~40% of the existing vacancy is in spec or near turn-key condition
  • Over $11 million has been invested in tenant improvements and modernizing the lobby, elevators, fitness center, and building systems
  • 525 B has consistently outperformed the broader downtown office market over the past decade

OVERVIEW

CBRE, as exclusive advisor, is pleased to present the opportunity to acquire 525 B Street (the "Property" or "525 B"), a prominent Class A office tower located in the heart of Downtown San Diego. The 22-story, 457,434 SF, LEED Gold tower stands as one of the most prominent office assets on B Street, with outstanding visibility and offers spectacular bay and city views. Currently 55% leased to a diverse tenant roster with a WALT of 4.12 years, 525 B represents unique generational opportunity to acquire a prime office tower with significant upside potential. 525 B is being offered for sale without an asking price and with no debt to assume.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Procopio Tower

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

22

BUILDING CLASS

A

YEAR BUILT

1969

SPRINKLERS

-

PARKING SPACES

200

LAND DETAILS

LAND ACRES

1.38 AC

LAND SF

60,113 SF

ZONING

CBD, San Diego

APN/PARCEL ID

533-523-14

ASK ABOUT THIS PROPERTY

Matthew CarlsonCBRE, Inc.More Info
858-546-2636

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Matthew CarlsonCBRE, Inc.More Info
858-546-2636

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