10850 Baroque Lane new Save Request In-Person Tour Request Virtual Tour
San Diego,CA 92124
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250027866SD
Year Built 1977
Lot Size 7,932 Sqft
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 92124 - Tierrasanta
Zoning CO-1-2
Interior
Heating Forced Air
Inclusions ,,
Exterior
Roof Type Composition