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909 W Laurel St 11,000 SF 75% Leased Office Building San Diego, CA 92101 $10,812,800 CAD ($982.98 CAD/SF) 6.63% Cap Rate
EXECUTIVE SUMMARY
CAST Capital Partners proudly presents a rare investment opportunity in Little Italy—an 11,000-square-foot best-in-class office building offering unparalleled finishes and modern amenities. This versatile property is available in two scenarios: as a fully leased investment or an owner-user purchase, making it ideal for a range of buyers. Situated in an exceptional urban location near the I-5 on-ramp and within walking distance of Little Italy’s vibrant amenities, this property is a standout in San Diego’s commercial real estate market.
The building underwent a full renovation in 2017, resulting in top-tier finishes and improvements that rank among the best in San Diego. It also offers significant signage opportunities, including freeway visibility, enhancing its identity and appeal. Parking is a premium in Little Italy, and this property features 30 covered parking spaces, including underground parking, which provides additional income potential.
With a newly reduced sale price of $7,750,000 and a 6.63% cap rate, this sophisticated property represents an exceptional opportunity for an owner/user or investor to secure a high-quality asset in one of San Diego’s most sought-after neighborhoods. Don’t miss the chance to acquire this modern, high-end office building that perfectly combines style, convenience, and functionality.
The building underwent a full renovation in 2017, resulting in top-tier finishes and improvements that rank among the best in San Diego. It also offers significant signage opportunities, including freeway visibility, enhancing its identity and appeal. Parking is a premium in Little Italy, and this property features 30 covered parking spaces, including underground parking, which provides additional income potential.
With a newly reduced sale price of $7,750,000 and a 6.63% cap rate, this sophisticated property represents an exceptional opportunity for an owner/user or investor to secure a high-quality asset in one of San Diego’s most sought-after neighborhoods. Don’t miss the chance to acquire this modern, high-end office building that perfectly combines style, convenience, and functionality.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
11,000 SF
Building Class
B
Year Built/Renovated
1980/2017
Price
$10,812,800 CAD
Price Per SF
$982.98 CAD
Cap Rate
6.63%
NOI
$716,575 CAD
Percent Leased
75%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,500 SF
Slab To Slab
10’
Building FAR
1.10
Lot Size
0.23 AC
Zoning
MC - Mixed Commercial allows diverse uses like residential, live/work, offices, R&D, retail, and light industrial, with 100% active street-level frontage.
Parking
34 Spaces (3.09 Spaces per 1,000 SF Leased)
AMENITIES
- Controlled Access
- Security System
- Signage
- Reception
- Monument Signage
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
This space features a reception, 1 large office, conference room, open area, 3 call rooms and a kitchenette.
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 150 | 2,793 SF | Office | Full Build-Out | Now |
1st Fl-Ste 150
| Size |
| 2,793 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Fl-Ste 150
| Size | 2,793 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
This space features a reception, 1 large office, conference room, open area, 3 call rooms and a kitchenette.
1 1
Walk Score®
Walker's Paradise (91)
PROPERTY TAXES
| Parcel Number | 533-031-15 | Improvements Assessment | $3,270,784 CAD |
| Land Assessment | $3,270,784 CAD | Total Assessment | $6,541,567 CAD |
PROPERTY TAXES
Parcel Number
533-031-15
Land Assessment
$3,270,784 CAD
Improvements Assessment
$3,270,784 CAD
Total Assessment
$6,541,567 CAD
1 of 11
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
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909 W Laurel St
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