963 Ln Ave Chula Vista, CA 91914-3501
Property profile & analytics
963 Ln Ave, Chula Vista, CA 91914-3501
- Office Spaces
- 9,500 SF
- 5.34 lot acres
Property ID
US09-9665323
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Office Spaces
Property Details for 963 Ln Ave
- Year built
- 2008
- Lot size
- 5.34 lot acres
- Zone code
- COMMERCIAL
- Property type
- Office Spaces
- APN
- 595-232-37-05
- APU
- 5952323705
Description
This exceptional Class A medical office building, totaling 9,500 square feet, is located at 963 Lane Ave, Chula Vista, CA 91914. Built in 2008, the property boasts a prime location in a thriving retail and office development cluster, just off California 125. Currently 100% occupied by Sanderling Dialysis Center under a Net Lease agreement with a corporate guarantee and personal guarantees, offering significant financial security. The lease commenced November 1, 2018, and expires October 31, 2032, providing a remaining lease term of 7.9 years. The annual rent includes a 3% annual escalator clause, providing a hedge against inflation. The property's strong financial performance is reflected in its $6,312,222 asking price, a $664 per square foot rate, and a 5.40% cap rate, with a current NOI of $340,860. Sanderling Renal Services, a reputable operator with 19 locations across six states, has invested over $1 million in tenant improvements. The property is part of a five-unit medical condo association and benefits from a strong submarket position within a rapidly growing, affluent area with a 5-mile population of approximately 190,000 and a 5-mile household income of $140,000. The lease includes two 5-year renewal options. This is a fee-simple ownership opportunity with a passive NNN lease structure, making it an ideal investment for both local and out-of-state investors. The growing renal services industry further enhances the long-term value of this investment.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Chula Vista
- County
- San Diego
- State
- California
- Longitude
- -116.961
- Latitude
- 32.6508
- CBSA code
- 41740
- CBSA name
- SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$78,755
$3,060,000
$2,297,040
$5,357,040
-
$0.00
$0.00
$0.00
