7680 Girard Ave, La Jolla, CA
Two-story bank branch with parking structure in La Jolla.
- Added:
- Apr 16, 2024
- Days on Market:
- 790
- Last Refresh:
- May 19 at 10:02 pm
Property Features for 7680 Girard Ave
General Information
- Standard status
- Active
- Size
- 30,984 SF
- Lot size
- 0.40 Acres
- Property subtype
- RETAIL
Properties For Sale
at 7680 Girard Ave Contact usListing agent Liza Strom (619) 243-1244
Listing office Strom Commercial (619) 243-1244
Listing date Apr 16, 2024
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Strom Commercial
HighLights
- Significant future upside potential as a La Jolla Village legacy investment property.
- Fee simple ownership of both the B of A bank building and the parking garage.
- Includes a landmark 2‑story B of A bank branch building.
- Parking structure with space for 185 cars.
- Under market lease on the bank building expiring in 2053.
- Long‑term ground lease on one parcel beneath the garage expiring in 2053, currently $2,024 per month.
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.19M | $38.40 |
| − Vacancy | −$47.6k | −$1.54 |
| EGI | $1.14M | $36.86 |
| − OpEx | −$285.5k | −$9.22 |
| NOI | $856.6k | $27.65 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- U-Haul Neighborhood Dealer — 7756 Girard Ave, La Jolla, CA 92037
- Budget Car Rental — 1110 Torrey Pines Rd Suite H, La Jolla, CA 92037
- Avis Car Rental — 1110 Torrey Pines Rd, La Jolla, CA 92037
- California Exotic Car Rental — 1110 Torrey Pines Rd #B, La Jolla, CA 92037
- Luxury Toy Club — 1012 Prospect St # 310, La Jolla, CA 92037
Location Insight
- Map
- Local Demand
- City
- La Jolla
- County
- San Diego
- State
- California
- Longitude
- -117.165
- Latitude
- 32.727
