Renovated Office
For Sale
Contact for pricing
5120 Shoreham Place, San Diego, CA 92122
Renovated, 100% leased office building with a diversified tenant mix and zoning permitting medical use.
Property Size39,081 SF
Price / SF$267.39
Days on Market656
Property Features for 5120 Shoreham Place
General Information
Standard status
Active
Size
39,081 SF
Property subtype
OFFICE
Occupancy
100%
Site & Location
Neighborhood
University City
Building Details
Tenancy
Multi
Listing Agency:
Cushman & Wakefield | San Diego
(858) 452-6500
Listed By:
Louay Alsadek · License #01078492
(858) 558-5635
Source:
Moodyscre
Added: Jan 17, 2025
Changed: Oct 26
Last Checked: Nov 1 at 7:43AM
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 Cushman & Wakefield | San Diego
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This renovated office building is impeccably owned, maintained, and managed. The property is currently 100% leased and features a highly diversified tenant mix, with 60% leased to GSA tenants, according to the provided remarks.
The property is located at 5120 Shoreham Place in San Diego, California. The zoning allows for medical use, which may support a range of healthcare-adjacent operating concepts.
The information provided also highlights intrinsic value below replacement cost and a WALT of 2.9 years.
The property is located at 5120 Shoreham Place in San Diego, California. The zoning allows for medical use, which may support a range of healthcare-adjacent operating concepts.
The information provided also highlights intrinsic value below replacement cost and a WALT of 2.9 years.
Key Highlights
- Renovated office building with a diversified tenant mix
- 100% leased with a WALT of 2.9 years
- Tenant mix includes 60% leased to GSA tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$754,459
Cap Rate
7.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$15,089,180
$15.1M
Cap Rate 7%
$10,777,986
$10.8M
Cap Rate 9%
$8,382,878
$8.4M
Market Conditions
NOI Build-Up for 39,081 SF
Gross rent
$1.17M $30.00/SF
− Vacancy
−$166.5K −$4.26/SF
EGI
$1.01M $25.74/SF
− OpEx
−$251.5K −$6.44/SF
NOI
$754.5K $19.31/SF
Area
San Diego, CA
Vacancy
14.20%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$15,089,180
Cap Rate 7%
$10,777,986
Cap Rate 9%
$8,382,878
Alternative Uses
Best Use
Office B
$10.78M
$9.43M – $12.57M
NOI $754,459 @ 7.0% cap · market cap 7.22%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$15.44M
$13.51M – $18.01M
NOI $1,080,511 @ 7.0% cap · market cap 10.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in San Diego, CA
Frequently Asked Questions
What type of property is this?
Office building - Renovated, 100% leased office building with a diversified tenant mix and zoning permitting medical use.
Where is this office building located?
The property is located at 5120 Shoreham Place San Diego, CA.
What is the asking price?
The asking price for this property is $10,450,000.
What are key features of this property?
This property features: Renovated office building with a diversified tenant mix; 100% leased with a WALT of 2.9 years; Tenant mix includes 60% leased to GSA tenants
