Freeway-Visible Medical Building For
7051 Alvarado Rd La Mesa, CA 91942
7051 Alvarado Rd, La Mesa, CA, 91942
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For Sale
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Two-story, 10,000 SF medical building with freeway visibility.
Property Size10,000 SF
Price / SF$695
Days on Market976
Property Features for 7051 Alvarado Rd
General Information
- Standard status
- Active
- Size
- 10,000 SF
- Property subtype
- Office
Listing Agency
COLDWELL BANKER COMMERCIAL WEST
Listed by
Jeff Kane · License #CA
Source
Crexi
Added: Nov 15, 2023 Checked: Jul 17 at 12:16 pm
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 COLDWELL BANKER COMMERCIAL WEST
Investment Insights
Based on property information with market context.
This two-story, 10,000 square foot medical building is located in La Mesa, California, with high visibility on Interstate 8 at the 70th Street on-ramp. The property is suitable for an owner-user or investor. Approximately 170,000 vehicles pass by the building daily, offering significant exposure. The building includes an elevator. The surrounding area offers convenient access to restaurants and businesses. The location is also near San Diego State University and other medical facilities. On-site parking is available, with a total of 45 spaces. Freeway signage provides additional business visibility. 2,500 square feet of the bottom floor is currently leased to a surgical center. The seller currently occupies the entire second floor and could vacate for an owner/user, create a new lease and remain for an investor, or downsize to the smaller 2,500 square foot space on the first floor, depending on the buyer’s needs.
Key Highlights
- High Visibility Location: Situated on Interstate 8 at the 70th Street on‑ramp, offering exceptional exposure to approximately 170,000 vehicles daily.
- Income Potential: 2,500 sq ft of the bottom floor is currently leased to a surgical center, providing immediate income.
- Flexible Occupancy: Seller options include vacating for owner/user, creating a new lease for an investor, or downsizing to a smaller space on the 1st floor.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $360.0k | $36.00 |
| − Vacancy | −$51.5k | −$5.15 |
| EGI | $308.5k | $30.85 |
| − OpEx | −$77.1k | −$7.71 |
| NOI | $231.4k | $23.14 |
10,000 SF · lease $36.00/SF/yr · vacancy 14.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.31M
$2.89M – $3.86M
NOI $231,390 @ 7.0% cap · market cap 3.33%
Second Best
Healthcare Medical
$2.70M
$2.36M – $3.14M
NOI $188,698 @ 7.0% cap · market cap 2.72%
Theoretical Best
Office A
$4.58M
$4.01M – $5.35M
NOI $320,717 @ 7.0% cap · market cap 4.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Coldwell Banker
Real Estate Agency
Robert Lajvardi, MD
Pediatrician
Encompass Family and Internal ...
Medical Clinic
Verdolin Pain Specialists, ...
Physician
Pain Specialists of SD
Physician
Similar For Sale Nearby
Similar Off Market Nearby
- Lake Murray Village Vet Clinic — 5644 Lake Murray Blvd, La Mesa, CA 91942
- Dr. Brian J. Golden, D.V.M — 5644 Lake Murray Blvd, La Mesa, CA 91942
FAQs
What type of property is this?
Medical Office Space - Two-story, 10,000 SF medical building with freeway visibility.
Where is this medical office space located?
The property is located at 7051 Alvarado Rd La Mesa, CA.
What is the asking price?
The asking price for this property is $6,950,000.
What are key features of this property?
This property features: High Visibility Location: Situated on Interstate 8 at the 70th Street on‑ramp, offering exceptional exposure to approximately 170,000 vehicles daily.; Income Potential: 2,500 sq ft of the bottom floor is currently leased to a surgical center, providing immediate income.; Flexible Occupancy: Seller options include vacating for owner/user, creating a new lease for an investor, or downsizing to a smaller space on the 1st floor.
