100% Leased Investment

Three Governor Park

5120 Shoreham Place, San Diego

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The Offering

Summary

  • Address 5120 Shoreham Pl.
    San Diego, CA 92122
  • Lot Size 2.45 AC
  • Building Size 39,081 SF
  • Zoning CO-3-3 (Allows Medical)
  • Occupancy 100%
  • Parking 3.8/1,000 USF
  • Year Built 1984
  • Asking Price $10,450,000 ($267/SF)

Cushman & Wakefield, as exclusive advisor, is pleased to offer the excellent opportunity to acquire Three Governor Park (the “Project”), strategically located in the highly sought-after central submarket of Governor Park in San Diego, California. The Project consists of one free-standing courtyard-style office building totaling 39,081 square feet. Comprised of a strong, highly diversified tenant mix largely propelled by GSA tenants, Three Governor is 100% leased with an attractive WALT of 2.9 years.

Located south of UTC in the Golden Triangle, Governor Park is one of San Diego’s most central office markets with tremendous access to the region’s interstate system and nearby amenities. Historically, Governor Park has outperformed many of its competing submarkets with lower vacancy and higher lease rates.

Please click the "Access OM" button above to download the offering materials.

Key Highlights

100% Leased with WALT of 2.9 Years

60% leased to GSA Tenants

Impeccably Owned, Renovated, and Maintained by Historical Institutional Ownership
Strategic Central Location in the Golden Triangle

Intrinsic Value Below Replacement Cost

Zoning Allows for Medical Use

Team

Louay Alsadek

Vice Chair, Capital Markets
Cushman & Wakefield
CA Lic #01078492
858 558 5635
760 960 2000

Maddie Mawby

Senior Director, Capital Markets
Cushman & Wakefield
CA Lic #02129353
858 546 5405
440 708 6787

Peter Curry

Executive Director, Private Capital Group
Cushman & Wakefield
CA Lic #01241186
760 310 0882
760 310 0882

Brooks Campbell

Senior Director, Private Capital Group
Cushman & Wakefield
CA Lic #01380901
760 431 4215
760 500 7720

Mike Novkov

Managing Director, Local Market Advisor
Cushman & Wakefield
CA Lic #01890388
858 546 5412
858 886 6124