For Sale
3065 Rosecrans Pl - Loma Starr
3065 Rosecrans Pl, San Diego, CA 92110
3065 Rosecrans Pl, San Diego, CA 92110
3065 Rosecrans Place
San Diego, CA 92110
This two-story property, currently 100% leased (as of September 1, 2026), offers strong existing income with tremendous upside through lease-up or redevelopment. With expansive CN-1-6 zoning, the site allows for a broad range of uses, including medical office and residential development, making it an ideal candidate for repositioning in response to the area's transformation.
The Midway District is on the cusp of explosive growth, anchored by major redevelopment plans for the San Diego Sports Arena, Post Office, and NAVWAR sites. Coupled with a forthcoming community plan update, this area is rapidly emerging as a walkable, mixed-use hub offering long-term value for forward-thinking investors.
Loma Starr’s Point Loma location offers coastal convenience, proximity to major job centers such as Downtown, Mission Valley, and the San Diego International Airport, and a limited office supply environment that supports stable occupancy. The property boasts 37 underground secured parking stalls, modern building systems, and has undergone extensive capital improvements, including a new roof, upgraded ADA access, elevator, remodeled restrooms, HVAC upgrades, and LED lighting.
6.0% CAP RATE | $259/SF BASIS | 100% LEASED. Offered at $6,100,000, Loma Starr provides investors the opportunity to acquire a well-located Point Loma office/medical asset at an attractive 6.0% capitalization rate and approximately $259 per square foot—a significant discount to comparable office sales highlighted in the offering.
EXCEPTIONAL BASIS RELATIVE TO REPLACEMENT COST & COMPARABLE SALES. At approximately $259/SF, the offering represents a compelling basis for a centrally located San Diego office/medical asset. The six sales included in the existing OM range from approximately $311/SF to $546/SF, with an average of $410/SF. The $6 million offering is therefore roughly 37% below the comparable-set average on a per-square-foot basis.
MEDICAL OFFICE OPTIONALITY. CN-1-6 zoning allows medical office use, expanding the potential tenant pool beyond traditional office users and creating flexibility for continued medical-oriented leasing and repositioning.
SIGNIFICANT RECENT CAPITAL IMPROVEMENTS. Ownership has already invested substantially in the physical plant, including a new roof, new elevator, ADA improvements, multiple HVAC replacements, remodeled restrooms, upgraded sewer infrastructure, repaired terrazzo flooring and upgraded LED exterior lighting. This helps differentiate Loma Starr from older competitive inventory and reduces near-term capital exposure for a new owner.
FLEXIBLE MULTI-TENANT CONFIGURATION. The 23,168 SF building is divided into 20 suites, allowing ownership to diversify tenancy while accommodating smaller professional and medical users—an important segment of the Point Loma/Sports Arena office market.
SECURED ON-SITE PARKING. The property provides 37 secured underground parking stalls, an increasingly valuable amenity in the Point Loma/Midway area and particularly important for medical and professional office users.
IRREPLACEABLE POINT LOMA LOCATION. Strategically positioned along Rosecrans Street at the gateway to Point Loma and Liberty Station, Loma Starr benefits from one of central San Diego's most desirable coastal locations. The property combines convenient regional accessibility with immediate proximity to restaurants, retail, recreation and affluent coastal communities. The existing OM specifically identifies proximity to Downtown, Mission Valley and San Diego International Airport as key location advantages.
AT THE FRONT DOOR OF LIBERTY STATION. Loma Starr sits immediately adjacent to Liberty Station, one of San Diego's premier lifestyle destinations, offering restaurants, breweries, parks, recreation, retail and waterfront amenities. The property's location provides tenants with an amenity base that is difficult to replicate in San Diego's traditional suburban office markets.
CENTRAL SAN DIEGO CONNECTIVITY. The property offers convenient access to I-5 and I-8, providing connectivity to Downtown San Diego, Mission Valley, coastal communities and the broader San Diego region. Its proximity to San Diego International Airport is particularly compelling for professional, medical and business users; SAN handled a record 25.32 million passengers in 2025 and now provides nonstop service to more than 85 destinations.
POSITIONED WITHIN ONE OF SAN DIEGO'S LARGEST REDEVELOPMENT STORIES. The Midway District is positioned for substantial long-term transformation. The proposed Midway Rising redevelopment of the approximately 49-acre Sports Arena site includes roughly 4,250 new residences, a 16,000-seat entertainment center, 130,000 SF of retail and restaurants, and extensive parks and public spaces. Loma Starr's location between Liberty Station and this emerging mixed-use district positions the property to benefit from significant new residential density, investment and amenities.
