4545 Murphy Canyon Rd
San Diego, CA 92123

PRICE REDUCED!!!!! PERFECT OWNER USER OPPORTUNITY! The 4545 Murphy Canyon Road office building is located in the heart of San Diego on the eastern side of the Kearney Mesa Submarket, adjacent to Interstate 15 and within a half mile of the new 565,000 SF Kaiser facility on Clairemont Mesa Blvd. The building consists of 28,540 SF, has been completely renovated and provides a parking ratio of 3.5/1,000 SF. The property offers a unique opportunity for an owner/user or an investor. The seller presently occupies the entire third floor and is willing to vacate shortly after close of escrow, or sign a lease at current market rates. The second floor is occupied by a mix of long term-tenants on short-term, below market leases. This provides the buyer with the maximum amount of flexibility to implement a value-add plan for the building. KEARNY MESA OFFICE SUBMARKET In 2016 the centrally-located Kearny Mesa office submarket led the county in positive absorption, totaling 357,166 SF, the strongest performance for the submarket in eight years. The significant positive absorption and rent growth witnessed in 2016 is attributable to demand from a diverse mix of industries healthcare, government, financial services, and education and 2017 projections call for continued robust tenant demand with limited supply across asset classes.