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Informations principales sur l'investissement

  • Supply Constraints: No new residential product has been delivered in Sorrento Mesa in over 30 years, highlighting a significant supply constraint.
  • High Pricing Benchmarks: Attached product sales are trending at approximately $850 PSF in Carmel Valley, $1,000 PSF in Del Mar, $700 PSF at 3 Roots,
  • Life Science Anchor: One of the nation’s strongest life science and tech hubs continues to drive long-term housing demand and economic resilience.
  • Limited Pipeline: Few new townhomes or multifamily projects reinforce scarcity-driven value.
  • Tight Rental Market: Multifamily vacancy remains minimal, underscoring strong, sustained demand.

Résumé analytique

With a clear path to development with “by right” zoning, The Mesa offers an opportunity to develop townhomes and/or multifamily in one of the top life science and tech districts in the County. This 7.75-acre property is steps away from Google, Meta, Qualcomm, Dexcom, and Helogic, with over 8.5 million SF of life science space driving demand.

Pièces jointes

The-Mesa_Teaser_CBRE

Informations sur l’immeuble

Type de vente Investissement
Nb de lots 1
Type de bien Terrain
Sous-type de bien Résidentiel
Usage proposé
Logement
  • Appartements en copropriété
Surface totale du lot 3,14 ha
Rues transversales Flanders Drive
Zonage EMX-1 - Zoned EMX-1, the site supports 100% residential through incentives, enabling high-density housing with a streamlined permitting process.

1 Lot disponible

Lot

Surface du lot 3,14 ha

Description

Clear Path To Development With “By Right” Zoning Opportunity to develop townhomes and/or multifamily in one of the top life science and tech districts in the County. Steps to Google, Meta, Qualcomm, Dexcom, and Helogic, with over 8.5 million SF of life science space driving demand. The Mesa, offers a once-in-a-generation opportunity to build: • Option 1: 165± Townhomes (7.75 Acres) • Option 2: 679± Multifamily (wrap) units (7.75 Acres) • Option 3A/3B: 83± Townhomes (4.35 Acres) and 303± multifamily (wrap) units* (3.42 Acres) *Additional density achievable under by-right zoning for all options The life science boom in San Diego supports over 170,000 jobs and generates $43.1 billion in annual economic activity, fueling sustained housing demand. This five-parcel property allows for by-right development up to a 3.0 FAR, with two points of access and high-visibility frontage along Mira Mesa Boulevard. With Torrey Pines and UTC nearly built out, Sorrento Mesa has emerged as the West Coast’s next “it” market for innovation and residential growth. No in-place lease encumbrances ensure a smooth redevelopment process.

Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100

Taxes foncières

Taxes foncières

N° de parcelle
Multiple
  • 341-361-06
  • 341-361-07
  • 341-361-42
  • 341-341-01
Évaluation du terrain
33 101 994 €
Évaluation des aménagements
16 757 026 €
Évaluation totale
49 859 021 €
  • ID de l’annonce: 38143201

  • Date de mise sur le marché: 20/10/2025

  • Dernière mise à jour:

  • Adresse: Mira Mesa Blvd blvd, San Diego, CA 92121

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