Three Governor Park — Sale in San Diego, CA

  • Price: $10.5M
  • Listing type: For sale
  • Asset type: Office
  • Location: San Diego, CA 92122
  • Size: 39,081 SF
  • Year built: 1984

Investment Figures

Price per square foot
$267

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

Impeccably Owned, Renovated, and Maintained by Historical Institutional Ownership 100% Leased with an Attractive WALT of 2.9 Years Highly Diversified Tenant Mix with 60% Leased to GSA Tenants Strategic Central Location in the Golden Triangle Intrinsic Value Below Replacement Cost Zoning Allows for Medical Use Governor Park has outperformed many of its competing submarkets with lower vacancy and higher lease rates

Market Context

This office in San Diego, CA is listed for sale at $10,450,000 across 39,081 SF ($267/SF). The building dates to 1984. It has been on the market for 191 days. Compare it against other office listings for sale in San Diego, CA — view the full market.

As of Q1 2026, the San Diego office market showed rents up 5.4% year over year, and cap rates around 3.8%. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Office market FAQ

What is the typical cap rate for office in San Diego?
About 3.8% as of Q1 2026, per multiple brokerage reports.

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