Wnerser with Income ser Can ccupy ver 50 - LoopNet

[Pages:8]FOR SALE 3654-3660 Ruffin Road | Kearny Mesa

13,728 SF | TWO REMODELED OFFICE BUILDINGS

Owner/User with Income | User Can Occupy Over 50%

Pat Geary

CalBRE Lic. 01703782

pgeary@

858.737.9837

This information has been obtained from sources believed reliable. We have not verifed it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability

of the property for your needs. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited.

Offering Summary

3654-3660 Ruffin Road is a two-building, 13,728 square foot twostory office building located in the Kearny Mesa submarket of San Diego, with easy access to I-15 off of Aero Drive. Built in 1975 and heavily renovated during 2015-2016, this multi-tenant office building is currently partially occupied, and has the ability to provide an owner/user the opportunity to occupy up to and above 50% of the square footage while receiving income from the balance of the unused space. This property offers a rare combination of a smaller multi-tenant office building that has been tastefully remodeled and is move-in ready. This building gives a small to medium size business owner the opportunity to fix its costs and build equity in an income producing asset to off-set the costs of ownership, resulting in a very low net effective cost to own.

Address:

Sale Price: Type: Stories:

Buildings / Area:

Land Area: Year Built: Construction: Parking: Zoning:

3654 - 3660 Ruffin Road San Diego, California 92123 $2,550,000 ($185/SF)

Freestanding Office

Two (2) Two (2) - 13,728 total square feet (Per County tax records) 0.80 acres (34,848 SF)

1975 (Remodeled 2015-2016)

Wood Frame and Stucco

32 spaces (2.33/1,000 SF)

IL-2-1

Investment Highlights

? Flexible Configurations for Owner/User: Many of the current leases in place are month-to-month. An owner/user has the ability to occupy as little as a few thousand square feet or close to the entire space if necessary. Tenants with remaing term can be relocated.

? Income to Offset Ownership Costs: There are tenants in place which provide a significant amount of income to offset the costs of ownership. Small suites offer a new Owner the opportunity to lease out the balance of the space that is not needed for their business.

? Attractive Financing for Owner/User: Financing available at today's rates are still historically low and provide an owner/user the ability to lock in a long term rate at favorable terms. Owner/users who qualify for an SBA loan program will be able to acquire this property with a small down payment (typically 10% - 15% of the purchase price depending on the terms and strength of borrower).

? Functional and Renovated Property: The property has recently undergone an interior and exterior renovation. These two-story office buildings have operable windows and offer monument and building signage for tenants. Interior areas are move-in ready with nice finishes.

? Central San Diego Location and Proximity to Retail: The property is located just west of Interstate 15 in the high demand submarket of Kearny Mesa, easily accessible off Aero Drive and the heavily traveled Balboa Avenue, and within close proximity to a variety of large shopping centers comprised of retailers, restaurants and service providers.

858.737.9837

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Property Location & Area Retailers

1

CLAIREMONT MESA BLVD.

4

2

5 Kaiser Permanente Hospital

3

BALBOA AVE.

RUFFIN RD.

AERO DRIVE

PROPERTY

(Click for map)

Walmart

1 Food 4 Less Souplantation Chipotle Boomers! 24 Hour Fitness

2 Applebee's Islands Restaurant ARCO Shell

3 Costco Target Mattress Firm

Wa Sushi

4 Boll Weevil Khan's Cave Sunny Donuts Wells Fargo

Subway Giovanni's Italian Starbucks Carl's Jr.

5 Coffee Bean Jersey Mike's Robeks Panda Express Jack in the Box

Jersey Mike's Sizzler Jack in the Box Arco

6 Rubio's Starbucks Smashburger Pick Up Stix McDonald's

6

7 Vons 7 Walmart Fry's Electronics PetSmart

858.737.9837

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Floorplans - Front Building

3654 Ruffin Road - First Floor

Suite C

348 SF

Suite D

310 SF

Suite B

451 SF

Suite E

192 SF

Suite F

286 SF

Suite A

547 SF

3656 Ruffin Road - Second Floor

Suite K

468 SF

Suite J

484 SF

Suite I

769 SF

Suite E

365 SF

Suite F SuiteG

233 SF 206SF

Suite H

154 SF

Suite D

462 SF

Suite C

461 SF

Suite B

723 SF

Suite A

608 SF

Covered Parking - Front Building

Common Restroom - Front Building, 2nd Floor

Front Building

858.737.9837

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Floorplans - Rear Building

3658 Ruffin Road - First Floor

Suite A/B Suite C/D

566 SF

736 SF

Suite E Suite F

455 SF 963 SF

3660 Ruffin Road - Second Floor

Suite D

476 SF

Suite A/B Suite C

560 SF 361 SF

Suite E/F Suite G

826 SF

585 SF

Common Area Kitchenette

Rear Parking - Recently Resurfaced

858.737.9837

Rear Parking - Recently Resurfaced

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Aerial Map & Siteplan

RUFFIN ROAD AERO DRIVE 3654 / 3656 3658 / 3660

Jersey Mike's Sizzler Jack in the Box Basilica Italiana Obi's Sushi

Rubio's Starbucks Smashburger Pick Up Stix McDonald's Einstein Bros. Togo's Supercuts

Taco Bell Chevron Happy Car Wash

MURPHY CANYON RD.

DALEY CENTER DRIVE

858.737.9837

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Property Photos

Suite 3656-I

Rear Building

Common Restroom - Rear Building, 2nd Floor

858.737.9837

Kitchenette - Front Building, 2nd Floor

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Building Sq. Footage Summary

Totals

Front Building (Rentable) SF Rear Building (Rentable) SF Exterior Walkways / To Drip Line

Total Gross SF (According to tax records)

7,067 RSF 5,528 RSF 1,133 SF

13,728 SF

Suite 3656-J

858.737.9837

Suite 3656-A

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