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Browse More Listings in Shopping Center For Sale, San Marcos, CA or California

Shopping Center For Sale

Rancho Mirada

317-329 S Rancho Santa Fe Rd,, San Marcos, CA 92078

Price:
$4,100,000
Gross Leasable Area:
19,164 SF
Price/SF:
$213.94
Property Type:
Shopping Center
Property Sub-type:
Strip Center
Additional Sub-types:
Free Standing Bldg
Retail (Other)
Specialty Center
Property Use Type:
Investment
Cap Rate:
6.85%
Tenancy:
Multiple
Year Built:
1982
Lot Size:
1.39 SF
Find Out More...

Last Verified 11/25/2009 Listing ID 16201990

Highlights

Assumable Loan with ONLY $825K Down
Excellent Cash on Cash of 8.7% with Upside
Close to Cal State San Marcos

Substantial Upside Due to Below Market Leases

Description

The property consists of an approx. 19,164 sf strip retail center located on the south-east corner of S Rancho Santa Fe Rd., which is a major north-south arterial road connecting to the 78 freeway, and La Mirada Dr. The center is situated on approx. 1.4
acres of land. The property is mostly of single-story construction with the exception of a small second story retail/office suite consisting of 2,286 sf. The strip wraps around a carniceria (NAP) which is on the corner of the site.

San Marcos is located in the northern portion of San Diego County. It is known as the home of California State University, San Marcos a campus where the enrollment is projected to surpass 12,000 students in 2010. Also located in San Marcos is Palomar College, a public two-year community college which enrolls approximately 30,000 full-time and part-time students. San Marcos enjoys a low unemployment rate and is one of the fastest growing cities in San Diego County.

Financial Summary

Actual
Net Operating Income
$280,850

Map of 317-329 S Rancho Santa Fe Rd,, San Marcos, CA 92078 (San Diego County)

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Created 4/21/2009

Additional Information for 317 S Rancho Santa Fe Road, San Marcos, CA 92078

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 1 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

Comparable Properties for 317-329 S Rancho Santa Fe Rd,, San Marcos, CA 92078

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$1.35/SF/Month
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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Shopping Center Property For Sale - Rancho Mirada

317-329 S Rancho Santa Fe Rd,, San Marcos, CA, 92078