6160 MISSION GORGE ROAD, SAN DIEGO, CA
ONE BUILDING, 54,520 SQ. FT.
YEAR BUILT: 1974
This Class B Office building was approximately 96% leased when acquired and represented an opportunity to improve the quality of an already stabilized asset. This building is unique for its submarket as there is little other competitive inventory and is well located with direct frontage facing the highly trafficked Mission Gorge Road. Current tenancy consists mostly of community-serving groups that provide social and wellness services, many of which are funded by public entities.
The Grantville submarket is undergoing a substantial transformation to an urban environment as a result of recent zoning efforts by the City of San Diego. With multiple nearby apartment developments underway, this asset’s value is derived from its potential to be developed into a well-located mixed use commercial/residential project with ample parking to support both uses, as well as the in-place cash flow to perform while the development plan is being established. It is anticipated that this project will center itself in the heart of future changes in the Grantville and Mission Valley areas.