Two-Story HVAC Flex
New
For Sale
Contact for pricing
6262 Ferris Square, San Diego, CA 92121
IL-2-1 zoning, loading access, and on-site parking support a versatile commercial configuration.
Property Size6,904 SF
Price / SF$399.88
Days on Market7
Property Features for 6262 Ferris Square
General Information
Standard status
Active
Size
6,904 SF
Total Parking Spaces
12
Property subtype
Office, Industrial
Zoning
IL-2-1
Lease Type
Modified Gross
Additional Details
Asking Price
$2,760,800
Conditioned Warehouse
Yes
Building Details
Year Built
1987
Stories
2
Tenancy
Single
Building Size
6,904 SF
Listing Agency:
Cushman & Wakefield - San Diego, California
(858) 546-5416
Listed By:
Brant Aberg · License #CA 01773573
Source:
Crexi
Added: Aug 26
Changed: Aug 31
Last Checked: Aug 31 at 8:54AM
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
Investment Insights
Based on property information with market context.
This 6,904-square-foot flex/industrial property provides a full two-story build-out with 100% HVAC coverage. The building includes two GL loading doors that are currently glassed in, along with 12 parking spaces. Constructed in 1987, the property carries IL-2-1 zoning and is available for sale or lease.
Located at 6262 Ferris Square in San Diego’s Sorrento Mesa submarket, the property offers an established commercial setting for industrial and flex-space operations. Availability begins November 1, 2026.
Located at 6262 Ferris Square in San Diego’s Sorrento Mesa submarket, the property offers an established commercial setting for industrial and flex-space operations. Availability begins November 1, 2026.
Key Highlights
- 6,904 SF flex/industrial property
- Full two‑story build‑out with 100% HVAC
- Two GL loading doors, currently glassed in
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
$100,163
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
3.63%
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%
$2,003,260
$2.0M
Cap Rate 7%
$1,430,900
$1.4M
Cap Rate 9%
$1,112,922
$1.1M
Market Conditions
NOI Build-Up for 6,904 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
$165.7K $24.00/SF
− Vacancy
−$11.6K −$1.68/SF
EGI
$154.1K $22.32/SF
− OpEx
−$53.9K −$7.81/SF
NOI
$100.2K $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 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%
$2,003,260
Cap Rate 7%
$1,430,900
Cap Rate 9%
$1,112,922
Alternative Uses
Best Use
Flex RnD
$1.43M
$1.25M – $1.67M
NOI $100,163 @ 7.0% cap · market cap 3.63%
Second Best
Industrial
$1.17M
$1.02M – $1.36M
NOI $81,649 @ 7.0% cap · market cap 2.96%
Theoretical Best
Specialty Retail
$2.73M
$2.39M – $3.18M
NOI $190,882 @ 7.0% cap · market cap 6.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
977
Businesses Nearby
Well-served
Demand for This Use
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 Industrial in San Diego, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - IL-2-1 zoning, loading access, and on-site parking support a versatile commercial configuration.
Where is this flex space located?
The property is located at 6262 Ferris Square San Diego, CA.
What is the asking price?
The asking price for this property is $2,760,800.
What are key features of this property?
This property features: 6,904 SF flex/industrial property; Full two‑story build‑out with 100% HVAC; Two GL loading doors, currently glassed in
