Office Building Adjacent to Pechanga
For Sale
Contact for pricing
3434 Midway Dr, San Diego, CA 92110
Office building with long-term tenants and 96% occupancy near Pechanga Stadium.
Property Size26,500 SF
Price / SF$310.19
Days on Market200
Property Features for 3434 Midway Dr
General Information
Standard status
Active
Size
26,500 SF
Property subtype
OFFICE
Occupancy
96%
Listing Agency:
KW Commercial
(818) 852-9255
Listed By:
Steve Body
(818) 852-9255
Source:
Moodyscre
Added: Jan 13
Changed: Jul 30
Last Checked: Jul 31 at 12:57PM
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 KW Commercial
Investment Insights
Based on property information with market context.
This office building offers established operations with long-term tenants and 96% occupancy. The property totals 26,500 SF and includes a core tenant in operation for 34 years, supported by a recent renovation and a tenant presence described as 30+ multistate locations.
The property is located at 3434 Midway Dr in San Diego, CA, adjacent to Pechanga Stadium. Nearby redevelopment is described as a 16,500-seat stadium, 4,250 apartments, 130,000 SF retail and entertainment, and 200+ hotel rooms.
For buyers or tenants seeking an office asset anchored by a long-running operating tenant, the combination of long-term occupancy, documented longevity, and recent renovation is positioned as a key part of the property’s profile.
The property is located at 3434 Midway Dr in San Diego, CA, adjacent to Pechanga Stadium. Nearby redevelopment is described as a 16,500-seat stadium, 4,250 apartments, 130,000 SF retail and entertainment, and 200+ hotel rooms.
For buyers or tenants seeking an office asset anchored by a long-running operating tenant, the combination of long-term occupancy, documented longevity, and recent renovation is positioned as a key part of the property’s profile.
Key Highlights
- 26,500 SF office building at 3434 Midway Dr, San Diego
- 96% occupied with long‑term tenants
- Core tenant operating for 34 years
Financial Insights For Office B
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 | $795.0k | $30.00 |
| − Vacancy | −$112.9k | −$4.26 |
| EGI | $682.1k | $25.74 |
| − OpEx | −$170.5k | −$6.44 |
| NOI | $511.6k | $19.31 |
26,500 SF · lease $30.00/SF/yr · vacancy 14.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$7.31M
$6.39M – $8.53M
NOI $511,583 @ 7.0% cap · market cap 6.22%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$10.47M
$9.16M – $12.21M
NOI $732,672 @ 7.0% cap · market cap 8.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
96%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,768
Businesses Nearby
Explore this area
Business Placement
Demographics for 92110, CA
31,048
Population
13,227
Households
2.3
Avg Household Size
34
Median Age
54%
College-Educated
96%
High-School Grad
5.0 sq mi
ZIP Area
6,210
Density / Sq Mi
$102,508
Median Household Income
$52,150
Median Earnings
$2,298
Median Rent
$885,200
Median Home Value
Market
Vacancy Rate% for Office in San Diego, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Office building with long-term tenants and 96% occupancy near Pechanga Stadium.
Where is this office building located?
The property is located at 3434 Midway Dr San Diego, CA.
What is the asking price?
The asking price for this property is $8,220,000.
What are key features of this property?
This property features: 26,500 SF office building at 3434 Midway Dr, San Diego; 96% occupied with long‑term tenants; Core tenant operating for 34 years
