8505 Navajo Rd San Diego, CA 92119-2001

This exceptional Class A medical office building, located at 8505 Navajo Road in San Diego, California (zip code 92119), presents a compelling owner-user investment opportunity. The single-story, 3,698 square foot building sits on a large 16,000 square foot corner lot and boasts 18 parking spaces, with ample street parking also available. Built in 1998, the property features a 100% occupancy rate with a current Net Operating Income (NOI) of $192,000, yielding an 8.37% cap rate. A pro-forma NOI of $180,000 and a pro-forma cap rate of 7.84% are also available. The building is currently utilized as a dental practice, but its versatile design, including a large 675 square foot seminar room, makes it suitable for various medical uses, such as an oral surgery center. The property includes medical gas infrastructure. A significant advantage is the substantial solar array, providing free electricity and substantial tax savings through depreciation. The solar array, valued at $500,000, allows for approximately $100,000 in annual depreciation deductions. Note that the AT&T cellular lease does not convey with the sale. The asking price is $2,295,000, translating to a price per square foot of $620.61. The property is zoned for Commercial, Medical, and Retail uses.