10850 Baroque Lane, San Diego, CA 92124

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Kobe Zimmerman

kobezimmerman@bhhscal.com +1(858) 753-3353

$4,000,000

Est. payment - /mo

4,158 SqFt

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Key Details

Property Type Commercial

Sub Type Commercial-Off/Rtl/Ind

Listing Status Active

Purchase Type For Sale

Square Footage 4,158 sqft

Price per Sqft $962

MLS Listing ID 250027866

Year Built 1977

Lot Size 7,931 Sqft

Acres 0.18

Property Sub-Type Commercial-Off/Rtl/Ind

Property Description

Rare opportunity to acquire a 4,184 SF two-story medical office building in the underserved San Diego neighborhood of Tierrasanta. Each floor consists of a waiting room, lab and 4 exam rooms with the first floor boasting a private doctor office with full windows, storage and a personal bathroom. First time on the market, this original-owner asset at 10850 Baroque Lane features a long-term dental tenant occupying the second floor, generating $3,900/month with three years remaining on lease. A proposed cellular tenant offers an additional $3,200/month on a 5-year lease with renewal options, + available first floor lease bringing the potential annual income to $154,266. With no competing medical offices nearby and a growing senior population, demand for healthcare services in the area is accelerating. This low-maintenance property offers investors a recession-resistant asset class with strong income stability and upside. Healthcare real estate continues to outperform, supported by cap rate stabilization near 9.4% and consistent occupancy rates above 90%. Ideal for owner-user medical groups, urgent care, 1031 exchange, specialty clinics, vanity services, physical therapy, chiropractic, wellness practitioners or investors seeking long-term growth and security with ample space and parking.

Location

State CA

County San Diego

Area Tierrasanta (92124)

Zoning CO-1-2

Interior

Heating Central Forced Air Elec

Cooling Central Forced Air Elec

Flooring Wood

Exterior

Parking Features On Site

Roof Type Composition

Building

Story 2

Lot Size Range .25 Acres or less

Others

Acceptable Financing Cash, Cash to New Loan, VA

Space Rent $46,800

Listing Terms Cash, Cash to New Loan, VA

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Listed by Nikki Francis • Keller Williams San Diego Metro

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10850 Baroque Lane San Diego, CA 92124