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29151235
29151236

3434 Midway Dr, San Diego, CA 92110

SB
CA 01927373
Keller Williams
Listed by Keller Williams
$8,450,000
187 days on market
Updated 15 days ago

Richley Medical Plaza

Details
APN 441-650-22-00
Property Type Office
Sub Type Medical Office
Square Footage 26,500
Cap Rate 7.87%
NOI $665,381
Occupancy 70%
Tenancy Multi
Rent Bumps Yes
Price per SqFt $319
Broker Co-Op Yes
Class B
Year Built 1994
Year Renovated 2024
Buildings 1
Stories 2
Lot Size (SqFt) 37,026
Zoning CC-1-3
Parking Spaces 55 spaces
Parking per 1,000 SqFt 2.08
Investment Type Sale/Leaseback
Ground Lease No
Sale Condition Sale for leaseback

High-Quality MOB - For Sale Owner-User / Investor

Marketing description

3434 Midway Drive is a 26,500 SF Medical Office Building (MOB) with a Medicare certified Ambulatory Surgery Center (ASC). The Property was recently renovated at the cost of $1,000,000+ and it is 70% occupied by long-term tenants. Core tenants include a multi-specialty surgery center and the largest privately held pain management group on the West Coast. It presents an ideal investment or owner-user opportunity.

The building is located in San Diego at the intersection of I-5 and I-8, two of the busiest highways in California, with a combined daily traffic of 330,000+ cars. It is situated adjacent to the Pechanga Arena, a leading sports and entertainment venue in California with $468 Million annual revenue and over 750,000 visitors. The surrounding area is undergoing a $2 Billion+ redevelopment that will bring an NBA and hockey team to the new 16,000-seat stadium, create a 130,000 SF shopping and entertainment center, build 4,250 new apartments and 200+ hotel rooms.

Investment highlights

  • 7,928 SF Available to New Owner

  • Owner-User or Investment Opportunity

  • Value-Add Location Adjacent to Pechanga Stadium

  • $2 Billion+ Redevelopment Project - 16,500 Seat Stadium / 4,250 Apartments / 130,000 SF Retail & Entertainment / 200+ Hotel Rooms

  • $1,000,000+ Recent Renovation

  • 70% Occupied / Core Tenant in Operation for 34 Years / 30+ Multistate Locations

Listing Contacts

SB
CA 01927373
Keller Williams
Listed by Keller Williams

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$665,381.00
$55,448.42/mo

Valuation Metrics

0
DSCR
7.87%
Cap Rate
7.87%
ROI

Map

Zoning

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CC-1-3 CommercialNeighborhood CommercialCommercial Community
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Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Tax History

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