11770 Bernardo Plaza Ct San Diego, CA 92128

Property Details for 11770 Bernardo Plaza Ct

Year built

1984

Lot size

3.05 lot acres

Property size

75,942 SF

Zone code

COMMERCIAL

Property type

Retail space

APN

274-781-21-00

APU

2747812100

Description

This exceptional four-story, 71,971 square foot medical office building in San Diego's Rancho Bernardo boasts a prime freeway-fronting location on I-15, offering unparalleled visibility and accessibility. The property, currently 54% occupied, features one building across 3.05 acres with 417 parking spaces – a generous 5.8/1000 SF ratio. Its strategic location near the Apple campus and a burgeoning technology sector, coupled with strong local demographics (62% college degree or higher, $200,956 average household income within a three-mile radius), ensures high demand. The building benefits from significant daily traffic counts exceeding 200,000 vehicles on I-15 and 41,000 on Rancho Bernardo Road. Nearby amenities include over 2 million square feet of retail space, encompassing restaurants, banking, grocery stores, fitness centers, and hotels. The property's tenant mix includes a variety of medical specialties, with a weighted average lease term of 7.89 years, providing a stable cash flow stream. The building also offers onsite showers and lockers, and executive conferencing facilities. Proximity to major healthcare providers like Scripps, Sharp, UCSD, Palomar Health, and Kaiser Permanente further enhances its appeal. The planned expansion of UCSD's medical building and Apple's new campus are expected to drive increased tenant and patient traffic. This stabilized Class B multi-tenant property presents a compelling investment opportunity in a thriving San Diego submarket.