Office Medical
4710 Ruffner St
4710 Ruffner St, San Diego, CA 92111
Listing Price: $3,250,000
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire 4710 Ruffner Street, a ±10,000 square-foot, two-story medical office on a 0.35-acre (15,246 SF) parcel in the Kearny Mesa submarket of San Diego. Built in 1975, the building is home to Perfect Smile Dental Ceramics, which occupies the entire 2nd floor and will sign a 3-year leaseback at closing. The 1st floor consists of four suites: two leased month-to-month to Lynch Dental Lab and The Meditation Nook (vacating upon COE), and two vacant suites. Each unit is separately metered.
Offered at $3,250,000 ($325.00/SF), the property is positioned primarily for an owner-user who can occupy the 1st floor while the 2nd-floor leaseback offsets ownership costs. A value-add investor can lease the 1st floor to market and stabilize at a 7.01% pro-forma cap rate.
4710 Ruffner St
Investment Highlights
- Owner-User Opportunity - Occupy the 1st floor (approx. 50% of the building) while the 2nd-floor leaseback offsets the cost of ownership.
- 3-Year Sale Leaseback - Perfect Smile Dental Ceramics leases back the entire 4,857 SF 2nd floor at $3.00/SF/mo, $206,908 per year incl. reimbursements
- Central Kearny Mesa - Quick access to SR-163, I-805, I-15 and SR-52 in one of San Diego's tightest office submarkets (8.1% vacancy).
Exclusively Listed By
Listing Price: $3,250,000
Investment Highlights
- Owner-User Opportunity - Occupy the 1st floor (approx. 50% of the building) while the 2nd-floor leaseback offsets the cost of ownership.
- 3-Year Sale Leaseback - Perfect Smile Dental Ceramics leases back the entire 4,857 SF 2nd floor at $3.00/SF/mo, $206,908 per year incl. reimbursements
- Central Kearny Mesa - Quick access to SR-163, I-805, I-15 and SR-52 in one of San Diego's tightest office submarkets (8.1% vacancy).
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire 4710 Ruffner Street, a ±10,000 square-foot, two-story medical office on a 0.35-acre (15,246 SF) parcel in the Kearny Mesa submarket of San Diego. Built in 1975, the building is home to Perfect Smile Dental Ceramics, which occupies the entire 2nd floor and will sign a 3-year leaseback at closing. The 1st floor consists of four suites: two leased month-to-month to Lynch Dental Lab and The Meditation Nook (vacating upon COE), and two vacant suites. Each unit is separately metered. Offered at $3,250,000 ($325.00/SF), the property is positioned primarily for an owner-user who can occupy the 1st floor while the 2nd-floor leaseback offsets ownership costs. A value-add investor can lease the 1st floor to market and stabilize at a 7.01% pro-forma cap rate.
Exclusively Listed By
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
