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1135 Torrey Pines Road

1135 Torrey Pines Rd
La Jolla, CA 92037
Availability: Price:$5,400,000 Size:9,626 SF
Shipping: Marcus & Millichap is pleased to present 1135 Torrey Pines Road in La Jolla, CA.
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Description





Agents

BEN TASHAKORIAN | SENIOR MANAGING DIRECTOR


Senior Director: Institutional Property Advisors (IPA)
License: CA 01333884
Dir: (858) 373-3176
Fax: (858) 373-3110
btashakorian@ipausa.com

BRAD PETERS | Associate


Managing Partner: Tashakorian Group
License: CA 02025155
Dir: (858) 373-3227
Cell: (805) 208-6210
brad.peters@marcusmillichap.com

Description

Marcus & Millichap is pleased to present 1135 Torrey Pines Road, located in La Jolla, CA, one of the wealthiest and most prestigious submarkets in the country. This three-story building is located on Torrey Pines Road, the most travelled thoroughfare into La Jolla, with more than 40,000 cars passing the site daily. The property is home to the Pet Health Center of La Jolla on the first floor, and 3 apartments on the 2nd floor and 3 apartments on the 3rd floor. The offering represents an amazing chance to acquire a stable asset in the heart of San Diego’s more affluent area, with still value to be added from increasing apartment rents.

Features

  • 9,626 SF Mixed-Use Building in the Heart of La Jolla
  • 100% Occupied with 6 Apartments and 1,726 SF Ground Floor Commercial Space
  • Secured Parking Garage with 10 Spaces for a Total of 14 Parking Spaces
  • Frontage Along Torrey Pines Road (40,000+ VPD)
  • Health Center Spent Over $1,000,000 in Renovations
  • Value-Add Opportunity by Increasing Apartment Rents

Offering Price

$5,400,000

Net Rentable Area

9,626 SF

Price Per SF

$560.98

Cap Rate

3.39%

Year Built

1971

Parking Spaces

14 (10 Secured Parking Spaces)

Elevators

1

Slab to Slab

8'

Details

  • 22932282
  • Industrial
  • Price:$5,400,000 Size:9,626 SF
  • New

Shipping Information

  • Item Requires Shipping
  • Marcus & Millichap is pleased to present 1135 Torrey Pines Road in La Jolla, CA.

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