San Diego’s medical office real estate market is set to welcome another opportunity for investors looking to expand their portfolios in the city. A property located at 4510 Viewridge Avenue is now available for purchase for $10.5 million, or roughly $339 per square foot, according to the marketing flyer distributed across the industry. This fully occupied property presents an enticing prospect for owner-users and investors not only because of its strategic positioning in the Kearny Mesa office submarket but also because of its accessibility to major freeways.
Developed in 1988, the two-story medical office building is 31,000 square feet. The full building opportunity is a key highlight of this medical office building, with the potential to be divided into two separate spaces of 15,701 square feet each. This flexibility allows for customization and tailored utilization to suit a number of requirements of medical practitioners, life science companies, biotech firms, and R&D ventures, according to the flyer. The building’s heavy plumbing infrastructure, robust power supply, two elevators, multiple roof-mounted AC units, and ample on-site parking with 125 spaces contribute to its adaptability.
Situated in the heart of the Kearny Mesa office submarket, 4510 Viewridge Avenue enjoys a central and convenient location for healthcare professionals and their patients. The property’s close proximity to major freeways, including the 15, 163, 805, 8, and 52, ensures easy accessibility for both local and out-of-town visitors. The Balboa Avenue exit from the 15 freeway is just one block away, further enhancing the property’s accessibility and visibility.
This offering represents an opportunity for both owner-users and investors looking to expand or establish a presence in San Diego’s medical office community. Owner-users can benefit from the building’s infrastructure and customize the space to meet their specific needs. Investors can capitalize on the building’s location and strong demand for medical office space in the area, ensuring potential long-term returns on their investment.
The seller of the property is a family office based in Escondido, and it has been a long-term owner of the property. The marketing efforts are led by Bridgette Young, an office specialist with EXP Realty in La Jolla.
