Capital Growth Properties is pleased to present the opportunity to purchase this one of a kind retail/office opportunity located in one of San Diego’s most sought after communities. This highly desirable location is situated in the heart of La Jolla’s vibrant restaurant & retail corridor and within close proximity to world famous hotels and beaches.
The property consists of a rectangular shaped parcel of land containing approximately 24 units which is situated on approximately 0.213 acres and is improved with a 1 and 2‐story retail/office building containing approximately 7,196 square feet of floor area. Located on the highly desirable Prospect Street with approximately 40 feet of frontage, this multi‐tenant retail/office building has enjoyed historically high occupancy.
1237 Prospect St. La Jolla, CA. 92037
$7,150,000 ($993.00/Sq. Ft.)
Current Cap Rate
Market Cap Rate
Building Area: 7,196 Sq. Ft. Land Area: 9,300 Sq. Ft.
One (1) Retail/ Office building situated on 1 parcel
Prime retail/office space on prestigious Prospect Street in the heart of the La Jolla Shopping area
Surrounded by extraordinary world class shopping and dining
Thriving tourist destination and local hotspot with high daytime and evening foot traffic
Premier destination year round in one of the nation’s most affluent communities
Exterior Walls / Façade
Concrete Masonry & Painted CMU
Concrete slab on grade with a reinforced concrete perimeter foundations with deeper, isolated interior pad footings, interconnected with a concrete slab‐on‐grade floor system.
Roof and overhead ceiling mounted HVAC
Walls and Ceilings
Painted drywall with suspended acoustic tile ceilings and fluorescent lighting
Serving the second floor units
Gas/Electricity—SDG&E Water—San Diego Water District