Office Building with Freeway
For Sale
Contact for pricing
6020 Cornerstone Court West, San Diego, CA 92121
Office building near Sorrento Court and major freeways, offering strong ingress and egress.
Property Size43,210 SF
Price / SF$225
Days on Market105
Property Features for 6020 Cornerstone Court West
General Information
Standard status
Active
Size
43,210 SF
Class
A
Property subtype
Office
Occupancy
20%
Investment Type
Owner/User
Additional Details
Highway Access
Yes
Building Details
Year Built
1987
Buildings
1
Stories
3
Units
111
Tenancy
Multi
Listing Agency:
CBRE - San Diego
Listed By:
Matt Pourcho · License #CA 01705763
(858) 546-4622
Source:
Crexi
Added: May 27
Changed: Aug 14
Last Checked: Sep 8 at 7:27AM
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
Investment Insights
Based on property information with market context.
This office building at 6020 Cornerstone Court West in San Diego presents a professionally oriented work environment in an amenity-rich setting. The property benefits from its proximity to a recently revitalized retail destination, with a new modern look and an updated tenant mix at Sorrento Court.
Access is a clear operational benefit. The surrounding area is described as providing strong ingress and egress due to close proximity to the 805 and 5 freeway corridors, supporting convenient arrivals and departures for employees, clients, and visitors.
For office users and investors seeking a location tied to established retail and reliable transportation connectivity, this property’s context may be particularly relevant. Its placement near Sorrento Court gives tenants a nearby mix of amenities, while the freeway access can help support day-to-day logistics for a range of professional uses.
Access is a clear operational benefit. The surrounding area is described as providing strong ingress and egress due to close proximity to the 805 and 5 freeway corridors, supporting convenient arrivals and departures for employees, clients, and visitors.
For office users and investors seeking a location tied to established retail and reliable transportation connectivity, this property’s context may be particularly relevant. Its placement near Sorrento Court gives tenants a nearby mix of amenities, while the freeway access can help support day-to-day logistics for a range of professional uses.
Key Highlights
- Office building built in 1987
- Located near Sorrento Court, which recently completed its revitalization with a new modern look and tenant mix
- Unmatched ingress and egress due to close proximity to the 805 and 5 freeways
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$834,169
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.58%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$16,683,380
$16.7M
Cap Rate 7%
$11,916,700
$11.9M
Cap Rate 9%
$9,268,544
$9.3M
Market Conditions
NOI Build-Up for 43,210 SF
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.
Gross rent
$1.30M $30.00/SF
− Vacancy
−$184.1K −$4.26/SF
EGI
$1.11M $25.74/SF
− OpEx
−$278.1K −$6.44/SF
NOI
$834.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$16,683,380
Cap Rate 7%
$11,916,700
Cap Rate 9%
$9,268,544
Alternative Uses
Best Use
Office B
$11.92M
$10.43M – $13.90M
NOI $834,169 @ 7.0% cap · market cap 8.58%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$17.07M
$14.93M – $19.91M
NOI $1,194,670 @ 7.0% cap · market cap 12.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,677
Businesses Nearby
Explore this area
Business Placement
Demographics for 92121, CA
4,658
Population
1,774
Households
2.6
Avg Household Size
32
Median Age
75%
College-Educated
99%
High-School Grad
12.5 sq mi
ZIP Area
373
Density / Sq Mi
$135,795
Median Household Income
$70,431
Median Earnings
$2,537
Median Rent
$1,091,600
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 near Sorrento Court and major freeways, offering strong ingress and egress.
Where is this office building located?
The property is located at 6020 Cornerstone Court West San Diego, CA.
What is the asking price?
The asking price for this property is $9,722,250.
What are key features of this property?
This property features: Office building built in 1987; Located near Sorrento Court, which recently completed its revitalization with a new modern look and tenant mix; Unmatched ingress and egress due to close proximity to the 805 and 5 freeways
