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33236443
33236442

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
$1,469,182
4 days on market
Updated 4 days ago

RB Medical Plaza Unit 2

Details
APN 274-781-21-00
Property Type Office
Sub Type Medical Office
Square Footage 2,366
Cap Rate 5.65%
NOI $83,009
Occupancy 100%
Brand/Tenant Corbin Smith, DDS dba North Hills Pediatric Dentistry
Lease Expiration 08/30/2033
Remaining Term 7.2
Price per SqFt $620
Buildings 1,984
Acreage 3.050
Parking Spaces 5.80 per 1,000 sq ft

Office | 5.65% CAP | 2,366 SqFt

Marketing description

Dr. Smith studied biology at the University of Utah before deciding to become a dentist. He earned his DMD degree from Midwestern University in Glendale, AZ. During dental school, he realized his love for working with children and promoting their oral health. So, he went on to earn a pediatric dentistry specialty certificate from NYU Hospitals Center in Anchorage, Alaska. Dr. Smith is a board-certified Diplomate of the American Board of Pediatric Dentistry. Dr. Smith loves calling San Diego county home. Outside of being an awesome pediatric dentist, Dr. Smith spends a lot of time with his wife, Aimee and their four children. He also collects hobbies and loves to learn new things. Currently he is learning to surf, play the guitar, and take better photos.

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 ±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.

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.

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
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$83,008.80
$6,917.40/mo

Valuation Metrics

0
DSCR
5.65%
Cap Rate
5.65%
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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