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    7676 Hazard Center Dr San Diego, CA 92108

    Sponsored
    For Lease
    $45 SF/Yr

    Executive Suites, 15 Spaces Available, San Diego

    Lot size:
    268,645 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    409
    The prestigious Hazard Center Office Tower presents a unique opportunity for businesses seeking prime San Diego office space. This Class A, 15-story building, constructed in 1990, boasts a total of 268,645 square feet of executive office space. Located at 7676 Hazard Center Drive in San Diego, CA 92108, this property offers unparalleled convenience and accessibility within San Diego County. Multiple tenancy options are available, with spaces ranging from a minimum of 1,936 square feet to a maximum contiguous space of 16,570 square feet, providing flexibility for businesses of all sizes. Currently, there are 15 suites in total, with a significant 108,953 square feet of vacant space ready for immediate occupancy. The building's strategic location in San Diego offers easy access to major transportation routes and a vibrant business community. This is an exceptional opportunity to establish or expand your business in a highly sought-after location. The building's modern design and amenities provide a professional and productive work environment. Contact us today to learn more about leasing opportunities and explore the possibilities of making Hazard Center Office Tower your new business address.

    Property Features for 7676 Hazard Center Dr

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    268,645 SF
    Class
    A
    Total Rate
    1007418.75

    Building Details

    Year Built
    1990
    Stories
    15

    Unit(s) available at that property

    Space
    Suite-860
    Size
    2,036 SF
    Rate per SF
    $45
    Space
    suite-1525
    Size
    1,936 SF
    Rate per SF
    $45
    Space
    Suite #810
    Size
    3,627 SF
    Rate per SF
    $45
    Space
    Suite #210
    Size
    5,182 SF
    Rate per SF
    $45
    Space
    Suite #1300
    Size
    8,245 SF
    Rate per SF
    $45
    Space
    Suite #600
    Size
    10,640 SF
    Rate per SF
    $45
    Space
    Suite 600/650
    Size
    15,754 SF
    Rate per SF
    $45
    Space
    Suite 1300/1360
    Size
    16,570 SF
    Rate per SF
    $45
    Space
    Suite 725
    Size
    3,958 SF
    Rate per SF
    $45
    Space
    Suite #650
    Size
    5,114 SF
    Rate per SF
    $45
    Space
    Suite #1360
    Size
    8,325 SF
    Rate per SF
    $45
    Space
    Suite #1500
    Size
    7,023 SF
    Rate per SF
    $45
    Space
    Suite 750
    Size
    3,813 SF
    Rate per SF
    $45
    Space
    Suite 725/750
    Size
    7,771 SF
    Rate per SF
    $45
    Space
    Suite 1500/1525
    Size
    8,959 SF
    Rate per SF
    $45

    We can help!

    Listing Contact
    Mike Novkov
    Mike Novkov

    Learn more

    Property Insight Report

    HighLights

    • 15‑story Class A office building.
    • 278,230 rentable square feet.
    • Energy Star certified for 18 years and LEED Gold certified.
    • Prime location at Highway 163 and Friars Road, with access to five major freeways.
    • State‑of‑the‑art fire suppression and life safety systems.
    • On‑site, award‑winning property management team.
    Property Profile Location Intelligence

    Current Use by Public Records

    Xerox Of Socal/Las Vegas Office Equipment Supplier Carpenter & Wood Carpenter New American Funding ... Mortgage Lender Scott Tanya L ... Accountant Cabrillo Law Group, ... Legal Services

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Gym & Fitness Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.1569436
    Latitude
    32.7712636

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    FAQs

    What type of property is this?
    Office Property Space - Executive Suites, 15 Spaces Available, San Diego
    Where is this office property space located?
    The property is located at 7676 Hazard Center Dr San Diego, CA.
    What is the lease rate?
    The lease rate is $45 SF/Yr.
    What are key features of this property?
    This property features: 15-story Class A office building.; 278,230 rentable square feet.; Energy Star certified for 18 years and LEED Gold certified.
    Request Owner's contact information
    7676 Hazard Center Dr San Diego, CA 92108
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    San Diego, CA 92108
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7676 Hazard Center Dr San Diego, CA 92108
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    We can help!
    Listing Contact
    Mike Novkov
    Mike Novkov
    Real Estate License ID: CA 01890388
    Learn more
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