525 B St - Office FOR SALE
San Diego, CA 92101 |
525 B St
San Diego, CA 92101
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
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Procopio Tower
PROPERTY TYPE
Office
TOTAL BUILDING SIZE
457434
STORIES
22
BUILDING CLASS
A
YEAR BUILT
1969
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.35 AC AC
LAND SF
58,806 SF
ZONING
-
APN/PARCEL ID
533-523-14,533-523-15
