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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.
Pat GearyCalBRE Lic. 01703782
Owner/User with Income | User Can Occupy Over 50%
FOR SALE13,728 SF | TWO REMODELED OFFICE BUILDINGS
3654-3660 Ruffin Road | Kearny Mesa
858.737.9837 [email protected]
Address: 3654 - 3660 Ruffin RoadSan Diego, California 92123
Sale Price: $2,550,000 ($185/SF)
Type: Freestanding Office
Stories: Two (2)
Buildings / Area: Two (2) - 13,728 total square feet(Per County tax records)
Land Area: 0.80 acres (34,848 SF)
Year Built: 1975 (Remodeled 2015-2016)
Construction: Wood Frame and Stucco
Parking: 32 spaces (2.33/1,000 SF)
Zoning: IL-2-1
3654-3660 Ruffin Road is a two-building, 13,728 square foot two-story 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.
Investment Highlights• FlexibleConfigurationsforOwner/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.• IncometoOffsetOwnershipCosts: 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.• AttractiveFinancingforOwner/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).
• FunctionalandRenovatedProperty: 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.
• CentralSanDiegoLocationandProximitytoRetail: 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.
Offering Summary
858.737.9837 [email protected]
BALBOA AVE.
CLAIREMONT MESA BLVD.
RUFFIN RD.
SubwayGiovanni’s ItalianStarbucksCarl’s Jr.Coffee BeanJersey Mike’sRobeks Panda ExpressJack in the Box
VonsWalmartFry’s ElectronicsPetSmart
51
1
2
6
5
77
Wa SushiBoll WeevilKhan’s CaveSunny DonutsWells Fargo
6
Kaiser PermanenteHospital
AERO DRIVE
Jersey Mike’sSizzlerJack in the BoxArcoRubio’sStarbucksSmashburgerPick Up StixMcDonald’s
4
4
3
24 Hour FitnessApplebee’sIslands RestaurantARCOShell
3
WalmartFood 4 LessSouplantationChipotleBoomers!
2
CostcoTargetMattress Firm
Property Location & Area Retailers
PROPERTY(Click for map)
858.737.9837 [email protected]
Floorplans - Front Building3654 Ruffin Road - First Floor 3656 Ruffin Road - Second Floor
Covered Parking - Front Building Common Restroom - Front Building, 2nd Floor Front Building
Suite C348 SF
Suite D310 SF
Suite B451 SF
Suite E192 SF
Suite F286 SF Suite A
547 SF
Suite K468 SF
Suite J484 SF
Suite I769 SF
Suite H154 SFSuite E
365 SFSuite F233 SF
Suite G206 SF
Suite D462 SF
Suite C461 SF
Suite B723 SF Suite A
608 SF
858.737.9837 [email protected]
Floorplans - Rear Building
3658 Ruffin Road - First Floor 3660 Ruffin Road - Second Floor
Rear Parking - Recently Resurfaced Rear Parking - Recently Resurfaced
Suite A/B566 SF
Suite C/D736 SF
Suite E455 SF
Suite F963 SF Suite A/B
560 SFSuite C361 SF
Suite D476 SF
Suite G585 SF
Suite E/F826 SF
Com
mon
Are
a Ki
tchen
ette
858.737.9837 [email protected]
Aerial Map & Siteplan
AERO DRIVE
MURPHY CANYON RD.
DALEY CENTER DRIVE
RUFFIN ROAD
3654 / 3656
3658 / 3660
Rubio’sStarbucksSmashburgerPick Up StixMcDonald’sEinstein Bros.Togo’sSupercuts
Jersey Mike’sSizzlerJack in the BoxBasilica ItalianaObi’s Sushi
Taco BellChevronHappy Car Wash
858.737.9837 [email protected]
Property Photos
Suite 3656-I
Common Restroom - Rear Building, 2nd Floor Kitchenette - Front Building, 2nd Floor
Rear Building
858.737.9837 [email protected]
Building Sq. Footage Summary
TotalsFront Building (Rentable) SF 7,067 RSF
Rear Building (Rentable) SF 5,528 RSF
Exterior Walkways / To Drip Line 1,133 SF
Total Gross SF(According to tax records) 13,728 SF
Suite 3656-J Suite 3656-A
