Courtyard-Style Multi-Tenant Office
For Sale
Contact for pricing
5151 Shoreham Pl, San Diego, CA 92122
Courtyard-style, multi-tenant office building remodeled and modernized, with ample parking and 100% leased professional office and lab space.
Property Size39,873 SF
Days on Market134
Property Features for 5151 Shoreham Pl
General Information
Standard status
Active
Size
39,873 SF
Class
B
Property subtype
Office
Occupancy
100%
Building Details
Tenancy
Multi
Listing Agency:
Commercial Asset Advisors
(858) 360-3000
Listed By:
Mike Conger · License #CA 01381193
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 22 at 1:24AM
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 Commercial Asset Advisors
Investment Insights
Based on property information with market context.
Governor Plaza is a courtyard-style, multi-tenant office building offered for sale. The property has been remodeled and modernized and presents an office/lab/condo conversion opportunity, with approximately 39,873 rentable square feet and ample parking.
Located at 5151 Shoreham Pl in San Diego’s Governor Park, the offering is described as being within the “golden triangle,” with convenient access across the county and proximity to the tech and life science nodes of Sorrento Valley, UTC, and Torrey Pines.
The building is currently 100% leased to professional office and lab users. The remarks also note a relatively short and well-balanced lease rollover, with limited contracted renewal options. Existing debt is described as approximately $6.45 million of life insurance debt at a fixed 4.45% interest rate with approximately 11 years remaining and a 30-year amortization.
Located at 5151 Shoreham Pl in San Diego’s Governor Park, the offering is described as being within the “golden triangle,” with convenient access across the county and proximity to the tech and life science nodes of Sorrento Valley, UTC, and Torrey Pines.
The building is currently 100% leased to professional office and lab users. The remarks also note a relatively short and well-balanced lease rollover, with limited contracted renewal options. Existing debt is described as approximately $6.45 million of life insurance debt at a fixed 4.45% interest rate with approximately 11 years remaining and a 30-year amortization.
Key Highlights
- 39,873 rentable SF courtyard‑style, multi‑tenant office building remodeled and modernized
- Currently 100% leased to professional office and lab tenants
- Lease rollover described as relatively short and well‑balanced, with limited contracted renewal options
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
521
Businesses Nearby
Explore this area
Business Placement
Demographics for 92122, CA
45,646
Population
21,349
Households
2.1
Avg Household Size
32
Median Age
74%
College-Educated
96%
High-School Grad
5.4 sq mi
ZIP Area
8,453
Density / Sq Mi
$98,825
Median Household Income
$60,483
Median Earnings
$2,601
Median Rent
$1,005,000
Median Home Value
Market
Vacancy Rate% for Office in San Diego, CA
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Frequently Asked Questions
What type of property is this?
Office building - Courtyard-style, multi-tenant office building remodeled and modernized, with ample parking and 100% leased professional office and lab space.
Where is this office building located?
The property is located at 5151 Shoreham Pl San Diego, CA.
What are key features of this property?
This property features: 39,873 rentable SF courtyard‑style, multi‑tenant office building remodeled and modernized; Currently 100% leased to professional office and lab tenants; Lease rollover described as relatively short and well‑balanced, with limited contracted renewal options
