2300 Boswell Rd, Chula Vista, CA 91914-3523
- Medical Office Space
- 9,999 SF
- 6.96 lot acres
Current Use by Public Records
- Laura Alatorre Loan Officer - Point Mortgage San Diego / Loan Service / Bank
- LifeStance Therapists & Psychiatrists Chula Vista / Medical Clinic
- Tricare Outpatient Clinic / Physician
- Sylvia Vella / Counselor
- Easterseals / Charitable Organization / Social Service Agency
Property Details for 2300 Boswell Rd
- Year built
- 1992
- Lot size
- 6.96 lot acres
- Zone code
- INDUSTRIAL (M ZONE)
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 595-231-35-00
- APU
- 5952313500
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 9, 2024 | $29,500,000 | Chula V 7 LLC | Plaza At Eastlake LLC | Grant Deed | $17.7M · Argentic Real Estate Finance 2 LLC |
| Nov 2, 2021 | — | Plaza At Eastlake LLC | — | Deed · related | $19M · Gp Commercial Investment Corp |
| Nov 21, 2018 | $18,000,000 | Plaza At Eastlake LLC | Iptv-b-mc-04 LLC | Grant Deed | $19M · Th Com'l Inv Corp |
| Jan 13, 2011 | $8,100,000 | Iptv-b-mc-04 LLC | Assured Lender Svcs INC | Trustees Deed · related | — |
| Feb 2, 2007 | — | Island Financial Cu North | Veralliance Properties INC | Quit Claim Deed | $30.8M · Cbre Realty Finance Holdings IV LLC |
| Aug 28, 2006 | — | Veralliance Properties INC | North Island Financial Cu | Grant Deed | — |
| — | — | Iptv-b-mc-o4 LLC | — | Loan Modification · related | $13.6M · A10 Revolving Asset Financin 1 |
| — | — | Iptv-b-mc-o4 LLC | — | Deed Of Trust · related | $37.9M · A10 Capital LLC |
Description
This exceptional Class A office building, located at 2300 Boswell Rd, Chula Vista, CA 91914, presents a compelling investment opportunity. The 132,669 square foot, two-story building sits on a 6.95-acre lot and boasts a 91.7% occupancy rate, generating a strong net operating income (NOI) of $3,107,720, representing a 9.50% cap rate. Built in 1992 and extensively renovated in 2020, the property features a modern design and high-quality finishes. The asking price is $32,713,000, translating to $246.58 per square foot. Anchored by credit tenants including San Diego Regional Center, San Diego Credit Union, US Naval Clinic (GSA Tenant), California Medical Behavioral Health, and Coldwell Banker, the property benefits from a weighted average lease term of approximately 14.38 years. The building offers an exclusive, fully equipped conference room and 14-foot deck-to-deck slabs, allowing for flexible office layouts. Its prime location within the Eastlake master-planned community provides unparalleled access to major retail centers, including Sprout's, Trader Joe's, Target, and Lowe's, as well as Scobee Park, a seven-acre recreational area. The Eastlake office market consistently outperforms other San Diego submarkets, with low vacancy rates and strong demand, ensuring a stable and appreciating asset. Recent improvements include a $2.24 million renovation encompassing lobby upgrades, landscaping enhancements, and entrance improvements, along with the completion of over 37,800 square feet of spec suites. This property serves a large population base, approximately 1,000,000 residents within a 10-mile radius, representing 30% of San Diego's total population.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $29,500,000
- ML approach
- $29,500,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Chula Vista
- County
- San Diego
- State
- California
- Longitude
- -116.966
- Latitude
- 32.6547
- CBSA code
- 41740
- CBSA name
- SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA
