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Office

Bay Ho Corporate HQ

4141 Jutland Dr, San Diego, CA 92117

Listing Price: $8,900,000

Cap Rate
1.51%
Gross SF
40,659
Rentable SF
39,208
Price/Gross SF
$218.89
Lot Size
2.05 acres
Year Built
1983

Investment Overview

Marcus & Millichap, as exclusive marketing/investment advisor, is pleased to present the opportunity to acquire fee simple interest in 4141 Jutland Drive, San Diego, CA, 92117. The property is 40,659 SF and currently 59.2% occupied, presenting the opportunity for an owner-user establish their presence in Bay Ho as their new Corporate Headquarters or for an investor to acquire the building significantly below estimated replacement costs and fill the remaining vacancies. Bay Ho Corporate Headquarters sits on 89,298 square-feet of land and features two parking lots with individual ingress/egress access points that offer direct access into majority of the suites. The building is exceptionally well designed and positioned for great visibility from the Interstate-5 that sees over 200,000 cars per day. The property consists of three stories and attractive large floor plates that provide excellent efficiency and flexibility allowing for a multitude of possibilities to custom design your space. The building gives the ability to a future tenant or owner-user to implement prominent building signage with exceptional visibility from the interstate-5 and ample surface parking (3.67:1,000 SF). The current tenants all operate on modified gross leases, reimbursing for utilities, with an effective rent of $1.54 per square foot, which further reduces an owner-users cost to operate or presents the opportunity for an investor to prospect for higher paying tenants. Located off Morena Boulevard in a low transaction velocity submarket with very limited supply. The property is directly adjacent to Costco and the Interstate-5, CA-52 and other convenient and desirable amenities that employers will choose to locate their business within an accommodative area such as the fast-growing Bay Ho submarket, that will increase the likelihood of employee retention.

Investment Highlights

  • Owner-User or Value-Add Investment Opportunity in Bay Ho San Diego
  • 40,659 SF Office Building on 2 Acres of Land, Priced Below Replacement Cost
  • Highly Desirable Submarket with Low Transaction Velocity, Frontage to 5 Freeway and Minutes to La Jolla and Pacific Beach

Exclusively Listed By

Financing By

Office

Bay Ho Corporate HQ

Listing Price: $8,900,000

Cap Rate
1.51%
Gross SF
40,659
Rentable SF
39,208
Price/Gross SF
$218.89
Lot Size
2.05 acres
Year Built
1983

Investment Highlights

  • Owner-User or Value-Add Investment Opportunity in Bay Ho San Diego
  • 40,659 SF Office Building on 2 Acres of Land, Priced Below Replacement Cost
  • Highly Desirable Submarket with Low Transaction Velocity, Frontage to 5 Freeway and Minutes to La Jolla and Pacific Beach

Investment Overview

Marcus & Millichap, as exclusive marketing/investment advisor, is pleased to present the opportunity to acquire fee simple interest in 4141 Jutland Drive, San Diego, CA, 92117. The property is 40,659 SF and currently 59.2% occupied, presenting the opportunity for an owner-user establish their presence in Bay Ho as their new Corporate Headquarters or for an investor to acquire the building significantly below estimated replacement costs and fill the remaining vacancies. Bay Ho Corporate Headquarters sits on 89,298 square-feet of land and features two parking lots with individual ingress/egress access points that offer direct access into majority of the suites. The building is exceptionally well designed and positioned for great visibility from the Interstate-5 that sees over 200,000 cars per day. The property consists of three stories and attractive large floor plates that provide excellent efficiency and flexibility allowing for a multitude of possibilities to custom design your space. The building gives the ability to a future tenant or owner-user to implement prominent building signage with exceptional visibility from the interstate-5 and ample surface parking (3.67:1,000 SF). The current tenants all operate on modified gross leases, reimbursing for utilities, with an effective rent of $1.54 per square foot, which further reduces an owner-users cost to operate or presents the opportunity for an investor to prospect for higher paying tenants. Located off Morena Boulevard in a low transaction velocity submarket with very limited supply. The property is directly adjacent to Costco and the Interstate-5, CA-52 and other convenient and desirable amenities that employers will choose to locate their business within an accommodative area such as the fast-growing Bay Ho submarket, that will increase the likelihood of employee retention.

Exclusively Listed By

Financing By

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