10505 & 10509 San Diego Mission Road, San Diego, CA 92108

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Arash Rokni

arash@roknigroup.com +1(619) 762-0777

$7,500,000

Est. payment - /mo

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Key Details

Property Type Commercial

Sub Type Commercial-Off/Rtl/Ind

Listing Status Active

Purchase Type For Sale

MLS Listing ID 230018690

Year Built 1973

Property Sub-Type Commercial-Off/Rtl/Ind

Property Description

Unparalleled investment opportunity at the gateway to San Diego State University's upcoming Mission Valley Campus. Capitalize on "complete communities" incentives that offer a generous FAR of 4.0 on this prime 51,389 SF site (2 parcels), allowing for approx. 200,000 SF of buildable residential space in a location on the brink of a renaissance. 1/4 mile from the forthcoming SDSU Mission Valley Campus & within the “special attention area” Trolley Station Design District under the Mission Valley Community Plan, this site offers future residents an oasis of urban living, complete w/ quality jobs, immediate access to unrivaled retail & entertainment, as well as green spaces & mobility infrastructure that encourage healthy outdoor living. The SDSU Mission Valley Campus plan includes a River Park with 80+ acres of recreation & open spaces, bike & pedestrian paths, bridges & plazas; an expansive 95,000-SF retail hub w/ shopping, dining & entertainment; 1.6 million SF of research & innovation space; hotel & conference space; & Snapdragon Stadium, a hotspot for world-class sports events & musical performances. The existing office building & 7-Eleven generate stable, near-market rents, offering a financial cushion during the permitting process. Please see the Offering Memorandum for more details & 2 pro formas of potential development scenarios. Don't miss your chance to benefit from SDSU's & the City's major investments in the revitalization of an area with already high rental demand, which will only continue to rise. This is an asset to keep in the portfolio for generations to come!

Location

State CA

County San Diego

Area Metro

Interior

Cooling Central Forced Air Gas

Fireplace No

Exterior

View Y/N No

Building

Story 2

Others

Tax ID 434-041-06-00

Virtual Tour https://www.propertypanorama.com/instaview/snd/230018690

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Listed by Lauren J Empey Empey Realty

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Arash Rokni

REALTOR® | CADRE# 02005305

+1(619) 762-0777 | arash@roknigroup.com

San Diego Communities

10505 & 10509 San Diego Mission Road San Diego, CA 92108

Arash Rokni

Key Details

Location

Interior

Exterior

Building

Others

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