REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 2,500,000
Est. payment /mo
Price Dropped by $1.5M
10850 Baroque Lane San Diego, CA 92124
4 Baths
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial-Off/Rtl/Ind
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250027866
Year Built 1991
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 Metro
Zoning CO-1-2
Direction Easy to access... From 15 fwy Exit Tierrasanta Blvd east RIGHT on La Cuenta Dr LEFT on Baroque Building is on corner
Interior
Heating Central Forced Air Elec
Cooling Central Forced Air Elec
Flooring Wood
Fireplace No
Exterior
Parking Features On Site
View Y/N No
Roof Type Composition
Building
Lot Description Free Standing
Story 2
Others
Tax ID 455-060-42-00
Virtual Tour https://www.propertypanorama.com/instaview/snd/250027866
Listed by Nikki Francis Keller Williams San Diego Metro