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Vista La Jolla Corporate Center

4747 Morena Blvd, San Diego, CA 92109

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Three-story office building in Morena submarket, San Diego.

Type:Office

Property size:

40,283 SF

Lot size:

2.05 Acres

Price / SF:

$300/SF

HighLights

Flexible occupancy: Suited for owner‑users, with ability to occupy from 2,500 SF to 20,000 SF.
Strategic location: Centrally located near Clairemont, Pacific Beach, La Jolla, University City and Bay Park.
Proximity to public transit: Close to the new Balboa Avenue Trolley Station connecting to University Town Center.
Existing cash flow: Currently 76% leased, providing stable income.
Flexible floor plans and parking: Offers solutions to a wide range of users with a parking ratio of ±3.4/1,000 SF.
Expansive window‑lined suites: Some suites feature operable windows.

We can help!

Contact an agent

Connor Wieck

For Sale

Contact for pricing

Three-story office building in Morena submarket, San Diego.

Type:Office

Property size:

40,283 SF

Lot size:

2.05 Acres

Price / SF:

$300/SF

Added:: Nov 1, 2023
Days on Market:: 974
Last Refresh:: May 12 at 10:45 pm

Property Features for 4747 Morena Blvd

General Information

Standard status: Active
Size: 40,283 SF
Lot size: 2.05 Acres
Property subtype: Office

Building Details

Year Built: 1985

We can help!

Contact an agent

Connor Wieck

Listing office Cushman & Wakefield - San Diego, California

Listing date Nov 1, 2023

Source Crexi

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, California

HighLights

Flexible occupancy: Suited for owner‑users, with ability to occupy from 2,500 SF to 20,000 SF.
Strategic location: Centrally located near Clairemont, Pacific Beach, La Jolla, University City and Bay Park.
Proximity to public transit: Close to the new Balboa Avenue Trolley Station connecting to University Town Center.
Existing cash flow: Currently 76% leased, providing stable income.
Flexible floor plans and parking: Offers solutions to a wide range of users with a parking ratio of ±3.4/1,000 SF.
Expansive window‑lined suites: Some suites feature operable windows.

Overview

Vista La Jolla Corporate Center is a three-story office building encompassing 40,283 square feet, situated on 2.05 acres. Constructed in 1985, the building features suites with operable windows. The property offers flexible floor plans and a parking ratio of approximately 3.4 spaces per 1,000 square feet. The building is suitable for an owner-user, with occupancy options ranging from 2,500 square feet to 20,000 square feet. Located in the Morena submarket, the property is near Clairemont, Pacific Beach, La Jolla, University City, and Bay Park. It is also in close proximity to the new Balboa Avenue Trolley Station, which connects to University Town Center. The property is currently 76% leased, providing occupancy options while maintaining cash flow. Existing leases have short-term rollover and relocation clauses.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$1.21M	$30.00
− Vacancy	−$171.6k	−$4.26
EGI	$1.04M	$25.74
− OpEx	−$259.2k	−$6.44
NOI	$777.7k	$19.31

40,283 SF · lease $30.00/SF/yr · vacancy 14.20% · expense 25.00%

Alternative Uses

Best Use

Office B

$11.11M

$9.72M – $12.96M (±1% cap)

NOI $777,663 @ 7.0% cap · market cap 6.43%

Second Best

—

no second resolved use

Theoretical Best

Specialty Retail

$15.91M

$13.92M – $18.56M (±1% cap)

NOI $1,113,744 @ 7.0% cap · market cap 9.22%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

rebel iQ Advertising Agency National Pharmacy Purchasing ... Pharmacy Reason Financial Financial Advisor Boulger Michael R ... Accounting Firm Taylor Medical Clinic Medical Group

Suggested Use

Location Insight

Map
Local Demand

City: San Diego
County: San Diego
State: California
Longitude: -117.2286272
Latitude: 32.8245342

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For sale
Office buildings
CA
San Diego
92109
4747 Morena Blvd

What type of property is this?

Office building - Three-story office building in Morena submarket, San Diego.

Where is this office building located?

The property is located at 4747 Morena Blvd San Diego, CA.

What is the asking price?

The asking price for this property is $12,084,900.

What are key features of this property?

This property features: Flexible occupancy: Suited for owner‑users, with ability to occupy from 2,500 SF to 20,000 SF.; Strategic location: Centrally located near Clairemont, Pacific Beach, La Jolla, University City and Bay Park.; Proximity to public transit: Close to the new Balboa Avenue Trolley Station connecting to University Town Center.