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11770 Bernardo Plaza Ct
San Diego, CA 92128
RB Medical Plaza · Office Property For Sale


EXECUTIVE SUMMARY
RB Medical Plaza represents a premier value-add medical office investment in one of San Diego’s most dynamic healthcare corridors. Strategically positioned along Interstate 15 in Rancho Bernardo, this two-building, four-story campus offers ±71,971 square feet of highly visible space with a robust parking ratio of 5.8/1,000 SF. The property is currently 54% leased, anchored by a diverse mix of medical specialties including dermatology, urology, pain management, and pediatric dentistry, providing a stable income stream while offering significant upside through lease-up.
Recent capital improvements exceeding $1.5 million have modernized common areas, upgraded HVAC systems, refreshed elevators, and enhanced signage, ensuring operational efficiency and tenant satisfaction. Investors benefit from acquiring the asset well below replacement cost, with construction costs at historic highs, creating a compelling basis for long-term value. The property’s freeway-fronting location delivers exceptional visibility and accessibility, complemented by proximity to major health systems such as UC San Diego Health, Scripps, Sharp, and Kaiser Permanente.
Rancho Bernardo boasts affluent demographics, an average household income of $200,956 within a three-mile radius, and a growing patient base fueled by Apple’s planned 4 million SF campus and UCSD’s new 152,000 SF medical facility. With medical office vacancy at just 6.9% along the I-15 corridor and 34 of 38 specialties underserved within a five-mile radius, RB Medical Plaza is uniquely positioned to capture strong demand for outpatient care. This offering provides investors with a rare opportunity to secure a well-located, medically zoned property in a high-growth market with enduring fundamentals.
Recent capital improvements exceeding $1.5 million have modernized common areas, upgraded HVAC systems, refreshed elevators, and enhanced signage, ensuring operational efficiency and tenant satisfaction. Investors benefit from acquiring the asset well below replacement cost, with construction costs at historic highs, creating a compelling basis for long-term value. The property’s freeway-fronting location delivers exceptional visibility and accessibility, complemented by proximity to major health systems such as UC San Diego Health, Scripps, Sharp, and Kaiser Permanente.
Rancho Bernardo boasts affluent demographics, an average household income of $200,956 within a three-mile radius, and a growing patient base fueled by Apple’s planned 4 million SF campus and UCSD’s new 152,000 SF medical facility. With medical office vacancy at just 6.9% along the I-15 corridor and 34 of 38 specialties underserved within a five-mile radius, RB Medical Plaza is uniquely positioned to capture strong demand for outpatient care. This offering provides investors with a rare opportunity to secure a well-located, medically zoned property in a high-growth market with enduring fundamentals.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
71,971 SF
Building Class
B
Year Built
1984
Price
$47,539,108 CAD
Price Per SF
$660.53 CAD
Percent Leased
65%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
17,993 SF
Slab To Slab
10’
Building FAR
0.54
Lot Size
3.05 AC
Zoning
C - Commercial
Parking
40 Spaces (0.56 Spaces per 1,000 SF Leased)
AMENITIES
- Conferencing Facility
- Courtyard
- Signage
PROPERTY TAXES
| Parcel Number | 274-781-21 | Improvements Assessment | $23,192,996 CAD |
| Land Assessment | $7,095,223 CAD | Total Assessment | $30,288,219 CAD |
PROPERTY TAXES
Parcel Number
274-781-21
Land Assessment
$7,095,223 CAD
Improvements Assessment
$23,192,996 CAD
Total Assessment
$30,288,219 CAD
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