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Vista La Jolla Corporate Center 4747 Morena Blvd

40,283 SF 76% Leased Office Building San Diego, CA 92117 £9,455,830 (£235/SF)

Investment Highlights

  • Owner-user opportunity with central location near Interstate 5 & prominent freeway signage available.
  • Leading market fundamentals – Morena/Rose Canyon/I-5 corridor has a vacancy rate of just 7%
  • Vista La Jolla corporate center is a well-designed project.
  • Excellent in-place income for an owner-user.
  • Building is 76% leased & allows buyer to have numerous occupancy options.
  • Close proximity to MTS Trolley Station.

Executive Summary

VOIT REAL ESTATE SERVICES as exclusive advisors is pleased to offer for sale the fee simple ownership in Vista La Jolla Corporate Center, a 40,283 square foot, three (3) story building located on 2.05 acres. The building was built in 1985 and offers expansive window lined suites with operable windows in a handful of the suites. With flexible floor plans and a parking ratio of ±3.4/1,000 SF, the building offers solutions to a wide range of users. The building is well suited for an Owner-User with flexible occupancy square footage with the ability to occupy from 2,500 SF to 20,000 SF. Conveniently located in the Morena Submarket, Vista La Jolla Corporate Center is centrally located near the communities of Clairemont, Pacific Beach, La Jolla, University City and Bay Park. The property is close in proximity to the New Balboa Avenue Trolley Station that connects to University Town Center, offering a variety of flexible transit solutions. The property is currently 76% leased which provides a Buyer with numerous occupancy options while maintaining a stable cash flow on the balance of the property. The existing leases have short term rollover and relocation clauses to service larger users.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
40,283 SF
Building Class
B
Year Built
1985
Price
£9,455,830
Price Per SF
£235
Percent Leased
76%
Tenancy
Multiple
Number of Floors
3
Typical Floor Size
13,428 SF
Slab to Slab
9 ft
Building FAR
0.45
Lot Size
2.05 AC
Zoning
IP-2-1 - Light industrial and office
Parking
120 Spaces (2.98 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Courtyard
  • Signage
  • Outdoor Seating
  • Air Conditioning
  • Balcony

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Fl-Ste 150
  • 2,970 SF
  • Office
  • Full Build-Out
  • Now

Along with a large built-in reception area, a conference room, and private offices, the suite features a large open area with 19 existing built-in work stations.

  • 2nd Fl-Ste 210
  • 3,418 SF
  • Office
  • Full Build-Out
  • Now

The suite features 4 private offices and a conference room

  • 2nd Fl-Ste 250B
  • 1,300 SF
  • Office
  • Full Build-Out
  • Now

The suite features 5 private offices and a break area

  • 3rd Fl-Ste 355
  • 1,818 SF
  • Office
  • Full Build-Out
  • Now

The suite is a large open area that has excellent natural light

Space Size Space Use Condition Available
1st Fl-Ste 150 2,970 SF Office Full Build-Out Now
2nd Fl-Ste 210 3,418 SF Office Full Build-Out Now
2nd Fl-Ste 250B 1,300 SF Office Full Build-Out Now
3rd Fl-Ste 355 1,818 SF Office Full Build-Out Now

1st Fl-Ste 150

Size
2,970 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

2nd Fl-Ste 210

Size
3,418 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

2nd Fl-Ste 250B

Size
1,300 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

3rd Fl-Ste 355

Size
1,818 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Fl-Ste 150

Size 2,970 SF
Space Use Office
Condition Full Build-Out
Available Now

Along with a large built-in reception area, a conference room, and private offices, the suite features a large open area with 19 existing built-in work stations.

2nd Fl-Ste 210

Size 3,418 SF
Space Use Office
Condition Full Build-Out
Available Now

The suite features 4 private offices and a conference room

2nd Fl-Ste 250B

Size 1,300 SF
Space Use Office
Condition Full Build-Out
Available Now

The suite features 5 private offices and a break area

3rd Fl-Ste 355

Size 1,818 SF
Space Use Office
Condition Full Build-Out
Available Now

The suite is a large open area that has excellent natural light

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
359-820-19
Land Assessment
£2,724,299
Improvements Assessment
£2,996,730
Total Assessment
£5,721,029
  • Listing ID: 29941846

  • Date on Market: 01/11/2023

  • Last Updated:

  • Address: 4747 Morena Blvd, San Diego, CA 92117

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