Bldg 1 | 6711 Nancy Ridge Dr
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Bldg 1 6711 Nancy Ridge Dr
12,766 SF Light Industrial Building San Diego, CA 92121 £4,847,278 (£380/SF)
Investment Highlights
- located in the heart of the Sorrento Valley submarket
- excellent street frontage
- larger 1.6 acre site
- short and direct access to the 805 freeway and the 15 freeway
- the building is perfectly designed and functionally suited for a wide mix of tenants or owner/users.
- delivered vacant at close of escrow
Executive Summary
Welcome to the most desirable location for a industrial building in the San Diego MSA. In the heart of Sorrento Valley. Direct access and minutes from the 805 freeway. Easy access to the 15 freeway via mira mesa blvd. Single story investment or owner user building with the main building approximately 12,766SF and an approximately 1,800SF storage building on a 70,567 lot. The building has an excellent mix of modern office space and warehouse space,18ft clear height and site coverage is only 43% with upside use opportunities. Multiple uses to be considered as an Investor. As an Owner User, this building has an excellent mix of office and warehouse with the option to reduce office space if need be. The storage building has high roll height doors. All other exterior structures will be removed by close of escrow. The property is gated and backs up to the canyon which provides for privacy, reduced noise and traffic as well as a nice place to take in the views. Excellent parking ratio. Trust Sale. The property will be sold vacant in as-is condition.
* Adjacent to Torrey Pines and Sorrento Mesa, home to San Diego’s highest concentration of Fortune 500 and life science companies including Google, Apple, Amazon, Sony, Qualcomm, Pfizer, J&J, FedEx, and UPS, amongst many others.
* Miramar’s industrial vacancy rate has not exceeded 5% in over 10 years. Miramar’s current vacancy is 3.5%, while its 5-year average is 2.4%.
* Miramar asking rents continue to climb, posting year over year increases of 4%, as of Q1 2024.
* Excellent Ingress/Egress: Access to the 805 and I-15 Freeway providing access to all of Southern California and the border.
* Amenity Rich Location: A few miles away from a large retail center offering numerous restaurants and shopping options. The building is a few miles from the 2nd largest retail center in the I-15 corridor with over 800,000SF of retail amenities. Within 3 miles of the site, there are 13 hotels.
* Adjacent to Torrey Pines and Sorrento Mesa, home to San Diego’s highest concentration of Fortune 500 and life science companies including Google, Apple, Amazon, Sony, Qualcomm, Pfizer, J&J, FedEx, and UPS, amongst many others.
* Miramar’s industrial vacancy rate has not exceeded 5% in over 10 years. Miramar’s current vacancy is 3.5%, while its 5-year average is 2.4%.
* Miramar asking rents continue to climb, posting year over year increases of 4%, as of Q1 2024.
* Excellent Ingress/Egress: Access to the 805 and I-15 Freeway providing access to all of Southern California and the border.
* Amenity Rich Location: A few miles away from a large retail center offering numerous restaurants and shopping options. The building is a few miles from the 2nd largest retail center in the I-15 corridor with over 800,000SF of retail amenities. Within 3 miles of the site, there are 13 hotels.
Property Facts
Amenities
- Fenced Lot
- Property Manager on Site
- Yard
- Reception
Utilities
- Gas
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PROPERTY TAXES
| Parcel Number | 343-280-19 | Improvements Assessment | £798,099 |
| Land Assessment | £2,593,822 | Total Assessment | £3,391,921 |
PROPERTY TAXES
Parcel Number
343-280-19
Land Assessment
£2,593,822
Improvements Assessment
£798,099
Total Assessment
£3,391,921
zoning
| Zoning Code | IL-2-1, San Diego |
| IL-2-1, San Diego |
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Bldg 1 | 6711 Nancy Ridge Dr
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