7825 Fay Ave - Office FOR SALE


La Jolla, CA 92037- Village
$16,228,000 USD
858-527-2727
7825 Fay Ave, La Jolla, CA for Sale
$16,228,000 USD
Office - FOR SALE
1/13
null | 6% Cap Rate

7825 Fay Ave
La Jolla, CA 92037
Village


HIGHLIGHTS

  • Situated in the exclusive La Jolla submarket, surrounded by 836,000 SF of world-class retail and dining, with a Walk Score of 97.
  • Anchored by Merrill Lynch, with a roster of established financial advisors, attorneys, and accountants.
  • Generates $2,577,442 in annual in-place revenue, offering strong cash flow and significant tax benefits.
  • Open-air balconies and courtyards enhance natural circulation and tenant experience.

OVERVIEW

To Download Offering Memorandum, Please Visit https://www.ipsocal.com/properties/7825fayave/ This iconic Class A office building, located just three blocks from La Jolla's pristine coastline, offers an unparalleled opportunity for discerning buyers. As one of only five institutional-quality office buildings in La Jolla, the property boasts a prime corner location in the heart of the Village, strong tenancy, and a modern open-air design that integrates seamlessly with its coastal surroundings. Situated in one of the most supply-constrained markets, with only 1.32M SF of total office space and resilient Class A rents, this property benefits from high barriers to entry. Additionally, it is located in one of the nation’s most affluent areas, with average household incomes of $268,870 and median home prices exceeding $2M.

FOR SALE DETAILS

PRICE

$16,228,000 USD

PRICE/SF

$161 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Merrill Lynch Building

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

287

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,848 SF

ZONING

LJPD-3

APN/PARCEL ID

346-521-20,350-082-27

ASK ABOUT THIS PROPERTY

Matt PourchoCBRE, Inc.More Info
858-527-2727

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

Matt PourchoCBRE, Inc.More Info
858-527-2727

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