4565 Ruffner St — Sale in San Diego, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: San Diego, CA 92111

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Investment Figures

Cap rate
5.00%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

4565 Ruffner Street is a rare dual-purpose opportunity that works equally well for the pure investor seeking stable in-place income and for the owner-user looking to put their business in a premium Kearny Mesa location while collecting rent from surrounding tenants. The two-story, multi-tenant office building sits adjacent to Convoy Street with immediate access to Interstate 805, delivering strong fundamentals from both an income and a real estate perspective. The 15,974 SF building is 100% occupied by 27 tenants, generating $237,116 in annual NOI offered at a 5.00% CAP rate. In-place rents average $23.62 gross per SF, representing meaningful upside compared to recent submarket lease comps averaging $29.55 per SF. The building has not dropped below 90% occupancy in over 10 years, and all tenants are on short-term leases, giving a new owner maximum control over the asset from day one. Investment Highlights: • Located next to Convoy Street, one of San Diego's busiest commercial corridors • Close proximity to major national retailers including 24-Hour Fitness, CarMax, and Target • Owner-user ability with short term leases in place

Market Context

This office in San Diego, CA is listed for sale. It is offered at an approximate 5.0% capitalization rate, a key benchmark for income-producing office assets. Compare it against other office listings for sale in San Diego, CA — view the full market.

As of Q2 2026, the San Diego office market showed average asking rents near $37.80/SF/yr. Source: multiple brokerage reports, Q2 2026.

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