Urban Office Headquarters
For Sale
Contact for pricing
555 Raven St, San Diego, CA 92102
For sale as a 100% fee simple interest, the Montbleau & Associates headquarters occupies an urban infill office site.
Property Size36,643 SF
Price / SF$307.41
Days on Market212
Property Features for 555 Raven St
General Information
Standard status
Active
Size
36,643 SF
Total Parking Spaces
31
Property subtype
Industrial
Zoning
IL-2-1: Industrial Light Zone 2-1
Occupancy
100%
Lease Type
Absolute Net
Net Operating Income
$704,036
Building Details
Year Built
1984
Year Renovated
2008
Buildings
1
Stories
2
Tenancy
Single
Listing Agency:
Northmarq
Listed By:
Brian Ritchie · License #SL3208865
(404) 823-6360
Source:
Crexi
Added: Mar 25
Changed: Oct 13
Last Checked: Oct 20 at 9:13PM
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 Northmarq
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Investment Insights
Based on property information with market context.
Northmarq, on behalf of ownership as its exclusive advisor, is pleased to offer the opportunity to acquire the 100% fee simple interest in the Montbleau & Associates Headquarters facility at 555 Raven Street in San Diego, California.
The property is positioned at the southeast corner of Market Street and Raven Street, just over three miles from downtown San Diego. This offering provides a single-asset acquisition of an established headquarters office facility in an urban infill setting.
The property is positioned at the southeast corner of Market Street and Raven Street, just over three miles from downtown San Diego. This offering provides a single-asset acquisition of an established headquarters office facility in an urban infill setting.
Key Highlights
- 1984‑built office headquarters facility at 555 Raven Street in San Diego, CA
- For sale as 100% fee simple interest in the Montbleau & Associates Headquarters
- Located at the southeast corner of Market Street and Raven Street, just over 3 miles from downtown San Diego
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$531,617
Cap Rate
4.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,632,340
$10.6M
Cap Rate 7%
$7,594,529
$7.6M
Cap Rate 9%
$5,906,856
$5.9M
Market Conditions
NOI Build-Up for 36,643 SF
Gross rent
$879.4K $24.00/SF
− Vacancy
−$61.6K −$1.68/SF
EGI
$817.9K $22.32/SF
− OpEx
−$286.3K −$7.81/SF
NOI
$531.6K $14.51/SF
Area
San Diego, CA
Vacancy
7.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,632,340
Cap Rate 7%
$7,594,529
Cap Rate 9%
$5,906,856
Alternative Uses
Best Use
Flex RnD
$7.59M
$6.65M – $8.86M
NOI $531,617 @ 7.0% cap · market cap 4.72%
Second Best
Industrial
$6.19M
$5.42M – $7.22M
NOI $433,353 @ 7.0% cap · market cap 3.85%
Theoretical Best
Specialty Retail
$14.47M
$12.66M – $16.89M
NOI $1,013,106 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
550
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 92102, CA
39,783
Population
15,622
Households
2.5
Avg Household Size
34
Median Age
29%
College-Educated
80%
High-School Grad
4.5 sq mi
ZIP Area
8,841
Density / Sq Mi
$71,319
Median Household Income
$40,142
Median Earnings
$1,855
Median Rent
$646,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in San Diego, CA
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Frequently Asked Questions
What type of property is this?
Flex space - For sale as a 100% fee simple interest, the Montbleau & Associates headquarters occupies an urban infill office site.
Where is this flex space located?
The property is located at 555 Raven St San Diego, CA.
What is the asking price?
The asking price for this property is $11,264,576.
What are key features of this property?
This property features: 1984‑built office headquarters facility at 555 Raven Street in San Diego, CA; For sale as 100% fee simple interest in the Montbleau & Associates Headquarters; Located at the southeast corner of Market Street and Raven Street, just over 3 miles from downtown San Diego
