9663 Tierra Grande Bureau 2 454 m² 100 % Loué À vendre San Diego, CA 92126 5 869 299 € (2 391,42 €/m²) Taux de capitalisation 8 %

Very High Retention 100% Leased Small Tenant Office Building
* Over the past 10 years, the property has never had more than one suite vacant. In fact, over the past ten years (including during the recent pandemic), the property remained 100% leased.

* The existing 9 tenants average a historical occupancy over 10 years at the subject property.

* Priced to an attractive Year One 8.00% Cap Rate or Year One 9.20% Leveraged Return, new ownership will enjoy very strong return with minimal headache, management and capital costs.

* The building has gone through an extensive remodeled and provides excellent egress/ingress with dynamic surrounding retail amenities.

* IL-2-1 zoning provides added flexibility for a new owner with the ability to accommodate medical uses.

Compelling Market Fundamentals With Strong Projected Growth
* As of July 2025, the Miramar office vacancy is only 6.4% and has remained under 7.0% for the past five years. This market remains robust with tenants rarely moving out.

* Over the past 10 years, over 80% of the San Diego office leasing was under 5,000 SF making the subject property in high demand for the foreseeable future.

* Miramar remains a lower cost alternative to the adjacent high-rise Class A market UTC where rents are more than double and traffic remains a problem.

Highly Accessible Amenity Rich Location
* 3Roots and Stone Creek Development: Currently the largest development in Central San Diego with 5,500 new residential units, 1M SF of commercial space, 150 room hotel, parks and open space. It’s expected to increase the population by over 20% by 2030.
* The Watermark: Over 900,000 SF of retail, office and hotel space.
* New Mixed-Use Shopping Center: Starbucks, Jamba Juice and 170 Apartments.
* Scripps Ranch Tech Park: 55-acre business park where 23 acres was recently sold to Shea Homes for a large residential development.
* Irreplaceable location within one minute from the I-15 freeway, providing access to all Southern California.