7637 Balboa Ave

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7637 Balboa Ave

San Diego, CA 92111
Asking Price
$7.01M
Asset Type
Office
Class
Class B

What's Special

7637 Balboa Avenue is situated in the heart of San Diego's Kearny Mesa submarket, a central business hub characterized by its industrial and professional office mix. The property offers direct visibility on a major east-west thoroughfare and sits within two miles of the Interstate 805, State Route 163, and Interstate 15 interchanges. Local amenities include several retail centers, diverse dining options, and service-oriented businesses within walking distance. This location serves as a strategic midpoint for commuters traveling from North County, South Bay, and East County. The asset is well-suited for professional service firms, administrative headquarters, or medical office conversions seeking a central regional presence. Its layout and accessibility align with the needs of legal practices, insurance agencies, and engineering firms that require proximity to San Diego’s major transportation arteries. Given the high daily traffic counts and suburban density, the property typically attracts established tenants looking for functional workspace with convenient client access and ample surface parking in a high-demand commercial corridor.

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NOI
$80,000
Cap Rate
1.14%
DSCR
0.19
Underwater
Cash-on-Cash
-15.99%
Monthly Payment
$34,676.708
Annual Cash Flow
$-336,120.493

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