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 Market562
Property Features for 5120 Shoreham Place
General Information
Standard status
Active
Size
39,081 SF
Property subtype
OFFICE
Occupancy
100%
Building Details
Tenancy
Multi
Listing Agency:
Cushman & Wakefield | San Diego
(858) 558-5635
Listed By:
Peter Curry · License #CA 01241186
(760) 431-4238
Source:
Moodyscre
Added: Jan 17, 2025
Changed: Jul 28
Last Checked: Aug 2 at 1:29PM
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
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 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 | $1.17M | $30.00 |
| − Vacancy | −$166.5k | −$4.26 |
| EGI | $1.01M | $25.74 |
| − OpEx | −$251.5k | −$6.44 |
| NOI | $754.5k | $19.31 |
39,081 SF · lease $30.00/SF/yr · vacancy 14.20% · expense 25.00%
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.
Property 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
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 - 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
