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28934346
28934337

11770 Bernardo Plaza Ct, San Diego, CA 92128

MM
CA 02199914
Colliers - Los Angeles - La Jolla, California
RF
CA 02018340
Colliers - San Diego - Carlsbad, California
Listed by Colliers - Los Angeles - La Jolla, California, Colliers - San Diego - Carlsbad, California
$2,634,663
226 days on market
Updated 12 days ago

RB Medical Plaza

Details
APN 274-781-21-00
Property Type Office
Sub Type Medical Office
Square Footage 78,872
Net Rentable (SqFt) 4,266
Cap Rate 6.00%
NOI $158,080
Occupancy 100%
Lease Expiration 08/30/2033
Price per SqFt $650
Year Built 1984
Acreage 3.050
Parking Spaces 5.81 per 1,000 sq ft

Office | 6.00% CAP | 78,872 SqFt

Marketing description

RB Medical Plaza offers a premier Rancho Bernardo location with excellent visibility and accessibility along Interstate 15. The Property combines professional design, modernized common areas, and enhanced building systems to deliver a high-quality environment for healthcare and professional tenants. With its ongoing capital improvements—including exterior upgrades, refreshed entries, and efficient infrastructure—RB Medical Plaza provides a contemporary, patient-friendly setting designed to support today’s medical practices and long-term tenant success.

Colliers International (“Colliers”) has been retained on an exclusive basis to sell RB Medical Plaza, the premier medical office condominium project in Rancho Bernardo, CA (the “Property”). A prominently located medical office building, the Property is currently in the process of being condo mapped, with impending capital improvements planned, and occupied by a diverse mix of healthcare and professional services tenants (the “Tenant”).

The Asset
The ±78,872 SF Property is situated on ±3.05 acres in the Rancho Bernardo submarket. Built in 1984 and recently upgraded, the four-story building features steel-frame construction, two elevators, a landscaped central courtyard, above standard parking, and upgraded common areas and restrooms. With its freeway-fronting visibility along Interstate 15 and amenity-rich design, RB Medical Plaza represents a premier medical office opportunity with both stable in-place tenancy and significant lease-up potential.

The Opportunity
Rancho Bernardo serves as the gateway to both North and Central San Diego, offering a premier location for healthcare growth. The submarket is home to strong healthcare demographics and anchored by leading health systems, creating a highly cohesive, all-healthcare environment. With established health systems expanding across North County and increasing demand for outpatient medical space, this market presents a rare opportunity for a healthcare practice to grow, thrive, and position itself alongside some of the region’s most prominent providers.

Investment highlights

  • Unit Size: ± 4,266 RSF Medical Office Condo
  • Tenant: Aesthetic Partners dba Lansara
  • Lease Expiration: 8/31/2033
  • Leased: 100%
  • NOI: $158,079.83
  • Purchase Price: $2,634,663
  • Cap Rate: 6%
  • Building Area: 78,872 SF on 3.05 Acres
  • Submarket: Rancho Bernardo North County San Diego
  • Construction: Steel
  • Roof: Tile
  • APN: 274-781-21-00
  • Parking Ratio: 5.8/1,000 SF

Listing Contacts

MM
CA 02199914
Colliers - Los Angeles - La Jolla, California
RF
CA 02018340
Colliers - San Diego - Carlsbad, California
Listed by Colliers - Los Angeles - La Jolla, California, Colliers - San Diego - Carlsbad, California

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$158,079.83
$13,173.32/mo

Valuation Metrics

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DSCR
6%
Cap Rate
6%
ROI

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Additional Information

Name
Myles Martinez
License
02199914
Brokerage
Myles Martinez
Title
Senior Associate
Brokerage Address
4350 La Jolla Village Drive
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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