Voltaire Court — Sale in San Diego, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: San Diego, CA 92106

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Investment Figures

Cap rate
1.38%

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

Marcus & Millichap is pleased to present 3675-3687 Voltaire Street, a 11,060 SF mixed-use office- over-retail building with 13 suites in one of San Diego’s most fiercely held submarkets. In the last five years, exactly one building over 10,000 SF has changed hands in this zip code, an opportunity that doesn’t come along often. Point Loma doesn’t build new commercial. What exists here has been held, passed down, and quietly kept off the market for decades. Voltaire Court sits in the residential heart of the neighborhood, directly adjacent to Point Loma High School. The demographics are strong, the vacancy is tight, and the supply pipeline is essentially nonexistent. Designed in 1959 by Robert J. Platt, AIA, one of San Diego’s most celebrated mid-century architects, this building carries an authenticity that modern construction simply cannot replicate. The mid-century bones are intact and the character is undeniable, but the building has been thoughtfully updated where it counts: brand-new roof, two new HVAC units, fresh exterior paint, refinished wooden beams, new staircase, new exterior windows. The heavy lifting is done. A new owner walks in day one without a capital improvement checklist hanging over their head. Thirteen suites across a retail-at-grade, office-above configuration that gives a buyer real flexibility in how they use it, lease it, or both. The building’s mid-century pedigree and architectural provenance may qualify it for historic designation, potentially opening the door to a Mills Act contract and meaningful property tax savings for a future owner. Eight of thirteen suites are occupied. The other five can be yours. Establish your business at a Point Loma address, let the existing tenants quietly offset your cost of ownership, and build equity in a market that has historically and consistently outperformed other submarkets. Every lease in place is short-term and below market on a gross basis. A sophisticated buyer comes in, resets the rents to marke

Market Context

This retail in San Diego, CA is listed for sale. It is offered at an approximate 1.4% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in San Diego, CA — view the full market.

As of Q2 2026, the San Diego retail market showed average asking rents near $27.84/SF/yr. Source: multiple brokerage reports, Q2 2026.

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