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Investment Highlights

  • 7,928 SF Available to New Buyer
  • Value-Add Location Adjacent to Pechanga Stadium
  • $1,000,000+ Recent Renovation
  • Partial Sale Leaseback / Seller Occupies 45% of the Building
  • $2 Billion+ Redevelopment Project - 16,500 Seat Stadium / 4,250 Apartments / 130,000 SF Retail & Entertainment / 200+ Hotel Rooms
  • 70% Occupied / Core Tenant in Operation for 34 Years / 30+ Multistate Locations

Executive Summary

434 Midway Drive is a 26,500 SF Medical Office Building (MOB) with a Medicare certified Ambulatory Surgery Center (ASC). 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. The Property was recently renovated at the cost of $600,000+ 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 owner-user or investment opportunity.

Property Facts

Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Office
Property Subtype
Medical
Building Size
24,062 SF
Building Class
B
Year Built/Renovated
1991/2024
Price
$12,465,918 CAD
Price Per SF
$518.07 CAD
Cap Rate
7.43%
NOI
$926,769 CAD
Percent Leased
67%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
13,250 SF
Slab To Slab
9’
Building FAR
0.65
Lot Size
0.85 AC
Zoning
CC-1-3 - Commercial / Medical
Parking
55 Spaces (2.29 Spaces per 1,000 SF Leased)

Amenities

  • Atrium
  • Security System
  • Signage
  • Skylights
  • Wheelchair Accessible
  • Storage Space
  • Air Conditioning
  • Backup Power / Generators

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Professional, Scientific, and Technical Services
  • -
  • -
  • Modified Gross
  • May 2027

ArcPoint Labs est un prestataire/administrateur tiers national, offrant des services complets et des services complets de tests diagnostiques précis, fiables et confidentiels. Ils offrent des tests sûrs et fiables aux particuliers, aux entreprises et aux professionnels du droit et de la santé. Ils travaillent dans le domaine du dépistage de drogues et d'alcool depuis plus de 20 ans et leur personnel cumule plus de 60 ans d'expérience combinée dans l'industrie. Leurs experts de l'industrie ont élaboré des programmes complets qui traitent des aspects variés des programmes mandatés par le gouvernement fédéral et non réglementés qui aident les clients à créer et à maintenir un milieu de travail sans drogue et sans alcool. De plus, ils fournissent aux personnes les moyens de commander des tests pour surveiller et maintenir une vie saine, dans bien des cas sans avoir besoin d'une ordonnance d'un médecin. Les services complets de dépistage d'ArcPoint reposent sur leur passion de réduire l'abus de drogues et de donner aux particuliers et aux entreprises les moyens de gérer leur santé et leur bien-être grâce à des dépistages en laboratoire abordables.

  • Health Care and Social Assistance
  • -
  • -
  • -
  • -

Synovation Medical Group vise à restaurer la fonction et la richesse de la vie des patients, en leur donnant le contrôle de leur douleur et en réduisant leur dépendance aux médicaments grâce à des programmes collaboratifs et multidisciplinaires de gestion de la douleur qui ne sont pas disponibles ailleurs. Synovation Medical Group s'efforce d'être un chef de file dans la gestion de la douleur en partant du principe que les traitements doivent être innovateurs, éthiques et efficaces. Leurs spécialistes proviennent d'une grande variété de disciplines, dont la médecine physique et la réadaptation, la neurologie, l'anesthésiologie, la physiothérapie et l'ergothérapie, la médecine alternative et complémentaire et la santé comportementale. Ils collaborent et intègrent ces approches pour trouver la bonne approche individuelle pour chaque patient et ses objectifs.

  • Health Care and Social Assistance
  • -
  • -
  • -
  • -

Pourquoi attendre des heures dans une salle d'urgence à San Diego alors que vous pouvez obtenir des soins abordables et de qualité en aussi peu que 5 minutes? Ils offrent des soins personnalisés et exceptionnels à San Diego depuis plus de 20 ans. Leur centre de soins d'urgence à San Diego est bien équipé pour traiter la plupart de vos urgences médicales non vitales; aucun rendez-vous n'est nécessaire. Lorsque vous avez besoin de soins d'urgence à San Diego, faites confiance au personnel qualifié composé de médecins, infirmières et techniciens expérimentés.

  • Viva Wellness Medical Group
  • Services
  • -
  • -
  • -
  • -
Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Professional, Scientific, and Technical Services - - Modified Gross May 2027
Health Care and Social Assistance - - - -
Health Care and Social Assistance - - - -
Viva Wellness Medical Group Services - - - -

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 2nd Fl-Ste 2004
  • 2,742 SF
  • Office/Medical
  • Full Build-Out
  • Now

Unit 200 is a 2,742 SF modern, recently renovated MOB space with waiting area, reception, foyer, 5 exam rooms, 2 offices, in-unit restroom, kitchen, 2 large procedure/conference room. The unit may be combined with units 2005 and 2006 to form a 6,838 SF contiguous space.

  • 2nd Fl-Ste 2005
  • 1,484 SF
  • Medical
  • Full Build-Out
  • Now

Unit 2005 is a 1,484 SF modern, recently renovated MOB space with waiting area, reception, foyer, 2 exam rooms, restroom, kitchen, one large procedure/conference room. The unit may be combined with units 2004 and 2006 to form a 6,838 SF contiguous space.

  • 2nd Fl-Ste 2006
  • 2,612 SF
  • Medical
  • Full Build-Out
  • Now

Unit 2006 is a 2612 SF modern, recently renovated MOB space with waiting area, reception, 7 exam rooms, in-unit restroom, one large procedure/conference room, 2 doctor's offices. The unit may be combined with units 2004 and 2005 to form a 6,838 SF contiguous space.

  • 2nd Fl-Ste 2008
  • 1,090 SF
  • Office/Medical
  • Full Build-Out
  • Now

Large open area, three offices and a restroom.

Space Size Space Use Condition Available
2nd Fl-Ste 2004 2,742 SF Office/Medical Full Build-Out Now
2nd Fl-Ste 2005 1,484 SF Medical Full Build-Out Now
2nd Fl-Ste 2006 2,612 SF Medical Full Build-Out Now
2nd Fl-Ste 2008 1,090 SF Office/Medical Full Build-Out Now

2nd Fl-Ste 2004

Size
2,742 SF
Space Use
Office/Medical
Condition
Full Build-Out
Available
Now

2nd Fl-Ste 2005

Size
1,484 SF
Space Use
Medical
Condition
Full Build-Out
Available
Now

2nd Fl-Ste 2006

Size
2,612 SF
Space Use
Medical
Condition
Full Build-Out
Available
Now

2nd Fl-Ste 2008

Size
1,090 SF
Space Use
Office/Medical
Condition
Full Build-Out
Available
Now

2nd Fl-Ste 2004

Size 2,742 SF
Space Use Office/Medical
Condition Full Build-Out
Available Now

Unit 200 is a 2,742 SF modern, recently renovated MOB space with waiting area, reception, foyer, 5 exam rooms, 2 offices, in-unit restroom, kitchen, 2 large procedure/conference room. The unit may be combined with units 2005 and 2006 to form a 6,838 SF contiguous space.

2nd Fl-Ste 2005

Size 1,484 SF
Space Use Medical
Condition Full Build-Out
Available Now

Unit 2005 is a 1,484 SF modern, recently renovated MOB space with waiting area, reception, foyer, 2 exam rooms, restroom, kitchen, one large procedure/conference room. The unit may be combined with units 2004 and 2006 to form a 6,838 SF contiguous space.

2nd Fl-Ste 2006

Size 2,612 SF
Space Use Medical
Condition Full Build-Out
Available Now

Unit 2006 is a 2612 SF modern, recently renovated MOB space with waiting area, reception, 7 exam rooms, in-unit restroom, one large procedure/conference room, 2 doctor's offices. The unit may be combined with units 2004 and 2005 to form a 6,838 SF contiguous space.

2nd Fl-Ste 2008

Size 1,090 SF
Space Use Office/Medical
Condition Full Build-Out
Available Now

Large open area, three offices and a restroom.

Moderately walkable
70/100
Exceptionally drivable
100/100
Some public transit
50/100
Moderately bikeable
70/100

Property Taxes

Property Taxes

Parcel Number
441-650-22
Land Assessment
$6,093,094 CAD
Improvements Assessment
$3,046,546 CAD
Total Assessment
$9,139,641 CAD
  • Listing ID: 38424435

  • Date on Market: 2025-11-12

  • Last Updated:

  • Address: 3434 Midway Dr, San Diego, CA 92110

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