Office
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5620 Friars Road, San Diego, CA 92110
Office property with CO-1-2 zoning and direct access to the I-8 freeway corridor.
Property Size55,196 SF
Price / SF$270.96
Days on Market79
Property Features for 5620 Friars Road
General Information
Standard status
Active
Size
55,196 SF
Total Parking Spaces
159
Property subtype
Office
Zoning
CO-1-2
Occupancy
100%
Investment Type
Sale/Leaseback
Net Operating Income
$1,159,116
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1971
Year Renovated
1996
Buildings
1
Tenancy
Single
Listing Agency:
CBRE - San Diego
Listed By:
Matt Pourcho · License #CA 01705763
(858) 546-4622
Source:
Crexi
Added: Aug 6
Changed: Oct 17
Last Checked: Oct 20 at 8:17PM
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 CBRE - San Diego
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Investment Insights
Based on property information with market context.
This office property contains 55,196 square feet and was constructed in 1971. The building is located at 5620 Friars Road in San Diego and carries CO-1-2 zoning, providing a defined commercial office classification for the site.
The property fronts Friars Road with immediate on-and-off access to I-8, a major regional freeway carrying more than 200,000 vehicles per day through Mission Valley. San Diego International Airport is approximately 4 miles west, while the surrounding freeway network connects with I-15 and SR-163. The site is positioned in Mission Valley, near the geographic center of San Diego County.
The property fronts Friars Road with immediate on-and-off access to I-8, a major regional freeway carrying more than 200,000 vehicles per day through Mission Valley. San Diego International Airport is approximately 4 miles west, while the surrounding freeway network connects with I-15 and SR-163. The site is positioned in Mission Valley, near the geographic center of San Diego County.
Key Highlights
- 55,196‑square‑foot office property
- CO‑1‑2 zoning designation
- Constructed in 1971
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,065,559
Cap Rate
7.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$21,311,180
$21.3M
Cap Rate 7%
$15,222,271
$15.2M
Cap Rate 9%
$11,839,544
$11.8M
Market Conditions
NOI Build-Up for 55,196 SF
Gross rent
$1.66M $30.00/SF
− Vacancy
−$235.1K −$4.26/SF
EGI
$1.42M $25.74/SF
− OpEx
−$355.2K −$6.44/SF
NOI
$1.07M $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%
$21,311,180
Cap Rate 7%
$15,222,271
Cap Rate 9%
$11,839,544
Alternative Uses
Best Use
Office B
$15.22M
$13.32M – $17.76M
NOI $1,065,559 @ 7.0% cap · market cap 7.12%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$21.80M
$19.08M – $25.43M
NOI $1,526,059 @ 7.0% cap · market cap 10.20%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,377
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
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Market
Vacancy Rate% for Office in San Diego, CA
Frequently Asked Questions
What type of property is this?
Office building - Office property with CO-1-2 zoning and direct access to the I-8 freeway corridor.
Where is this office building located?
The property is located at 5620 Friars Road San Diego, CA.
What is the asking price?
The asking price for this property is $14,956,000.
What are key features of this property?
This property features: 55,196‑square‑foot office property; CO‑1‑2 zoning designation; Constructed in 1971
