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Property profile & analytics
OFF-MARKET Estimated value $5,170,000
Medical Office Space

5520 Wellesley St La Mesa, CA 91942-4431

29,103 SF 0.63 ac lot Built 1988
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-9261283
Property summary
AI-generated overview

This exceptional office property, located at 5520 Wellesley Street in La Mesa, California, 91942, presents a unique leasing opportunity. The building, constructed in 1988, offers a total of 29,103 square feet across two stories within a single building. Currently, 3,531 square feet of space is available for lease, ideal for a variety of business needs. The property is classified as Class C and is zoned C, allowing for diverse commercial uses. The building boasts ample parking with 32 spaces available for tenants and their clients. The property's location within the La Mesa submarket provides convenient access to local amenities and transportation networks. This is a multi-tenant building, offering a collaborative and dynamic work environment. The available space is perfect for businesses seeking a well-established location with convenient parking and a functional layout. The property's executive and traditional office subtypes cater to a wide range of business sizes and preferences. This is an excellent opportunity to secure a prominent office space in a thriving La Mesa community.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1988
Total area 29,103 SF
Lot 0.63 ac (27,442 SF)
Zoning code COMMERCIAL
APN 464-271-73-00
UPID US09-9261283
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Pleasants Karlyn M Physician Medical Clinic
  • Farmers Insurance - Kristine Avram Insurance Agency
  • Covered California Certified Agent Insurance Agency
  • Brown & Farmer Law Firm
  • Counseling & Behavior Specialists Family Counselor Marriage Or Relationship Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$5.49M
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.60M
Blend (final) Blend
$5.17M
Owner & transaction history
Satnam Investments LLC · 2 yrs held
Satnam Investments LLC
since 2023
Last sale
$4.5M
7 recorded transactions
2023
$4.5M
2022
Price N/A
2019
Price N/A
2016
Price N/A
2016
$3.5M
2010
Price N/A
2000
$4.1M
Zoning & alternative use
COMMERCIAL · La Mesa, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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