4141 Jutland Drive
San Diego, CA
Creating a successful bidding environment.
The property had been on the market with another brokerage company previously but with little success. It was in escrow twice with buyers who did not perform and at sales prices which were far below the final sales price. When it came time to reintroduce the property to the market after our second failed escrow, Tashakorian earned the assignment, and within the first week of marketing, generated seven offers from qualified buyers and successfully orchestrated a bidding environment which led to the successful buyer increasing his bid by over $400,000 and submitting a bid with non-refundable money on day one.
4141 Jutland Drive, a 39,229-square foot office building located in the Morena/Pacific Beach submarket of San Diego. The office building is 97% occupied to several different tenants, who all operate on Modified Gross leases, reimbursing for electric and janitorial. This offering represents an excellent opportunity to acquire a property that is currently cash flowing, but with the prospect of bringing in higher-paying tenants with the staggered rollout of vacancies in the property. Located off Morena Boulevard near Pacific Beach, the offering is situated in a market that a low vacancy rate and enjoys visibility from Interstate 5, San Diego’s most prominent freeway.
total sqft: 39,229 SF
location: San Diego, CA