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15210940
15210938

909 W Laurel St, San Diego, CA 92101

BM
CA 02037074
CAST CAPITAL PARTNERS
RK
CA 01885401
Cast Capital Partners
Listed by CAST CAPITAL PARTNERS, Cast Capital Partners
$7,250,000
833 days on market
Updated 11 days ago

909 W Laurel St

Details
APN 533-031-15
Property Type Office
Sub Type Creative Office, Executive Office (+1)
Square Footage 11,000
Cap Rate 7.00%
NOI $507,666
Occupancy 75.39%
Tenancy Multi
Lease Type Modified
Price per SqFt $659
Class A
Year Built 1980
Year Renovated 2017
Buildings 1
Stories 2
Lot Size (SqFt) 10,019
Zoning MC
Parking Spaces spaces
Investment Type Owner/User

Rare Little Italy - Owner User or Investment Opportunity | 11,000 SF

Marketing description

CAST Capital Partners proudly presents a rare investment opportunity in Little Italy—an 11,000-square-foot best-in-class office building offering unparalleled finishes and modern amenities. This versatile property is available in two scenarios: as a fully leased investment or an owner-user purchase, making it ideal for a range of buyers. Situated in an exceptional urban location near the I-5 on-ramp and within walking distance of Little Italy’s vibrant amenities, this property is a standout in San Diego’s commercial real estate market.

The building underwent a full renovation in 2017, resulting in top-tier finishes and improvements that rank among the best in San Diego. It also offers significant signage opportunities, including freeway visibility, enhancing its identity and appeal. Parking is a premium in Little Italy, and this property features 30 covered parking spaces, including underground parking, which provides additional income potential.

With a newly reduced sale price of $7,250,000 and a 7.00% cap rate, this sophisticated property represents an exceptional opportunity for an owner/user or investor to secure a high-quality asset in one of San Diego’s most sought-after neighborhoods. Don’t miss the chance to acquire this modern, high-end office building that perfectly combines style, convenience, and functionality.

Investment highlights

Exceptional location near I-5 on ramp with walkable amenities and the best that Little Italy has to offer.

Current owner did a full building renovation in 2017. Property and finishes are some of the best in San Diego.

Property has exceptional identity with multiple signage opportunities.

Parking in Little Italy is hard to find. The property has 30 parking stalls that can collect income as well.


Listing Contacts

BM
CA 02037074
CAST CAPITAL PARTNERS
RK
CA 01885401
Cast Capital Partners
Listed by CAST CAPITAL PARTNERS, Cast Capital Partners

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$507,666.00
$42,305.50/mo

Valuation Metrics

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DSCR
7%
Cap Rate
7%
ROI

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