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111 Bingham Dr 84,600 SF Industrial Building San Marcos, CA 92069 For Sale
Investment Highlights
- Click link to download Offering Memorandum: https://bit.ly/111binghamLN
- Prime SR-78 Corridor — North County’s Logistics Core
- Value Add Industrial | Credit Lease Through March 2029 With Known Vacate
Executive Summary
Value Add Industrial | Credit Lease Through March 2029 With Known Vacate
*Rare Industrial Cross Dock Distribution Sale/Leaseback with Excess Land:
*UPS (NYSE: UPS) Investment Grade Tenancy through March 2029 (UPS will vacate upon lease expiration). New ownership will have ample marketing time to secure a new tenant given the known vacate.
*Rare 11.85 Acre Two Parcel Site:
*Parcel 1: 217,800 SF industrial cross dock distribution building on 5.00 Acres.
*Parcel 2: 6.85 Acres (298,386 SF) / 3.66 Acres (159,415 SF) paved and usable paved lot. The additional land on this parcel is not buildable.
*Extremely Strong Market Fundamentals Supporting Upside:
Tightest Industrial Sector: The San Marcos 78 Corridor industrial market remains very healthy with a current Industrial Distribution vacancy rate of 0.3% and 3-year average of 2.94%. This product type remains the tightest industrial sector within San Diego County given the scarcity of excess land and cross dock distribution buildings.
The greater North County San Diego 51 million square foot industrial distribution market has a current vacancy rate of 4.3% and 3 year average of 3.82%.
Prime SR-78 Corridor — North County’s Logistics Core
*Irreplaceable Last-Mile Node for 1M+ North County Residents:
San Marcos occupies the geographic center of a North San Diego County population base exceeding one million residents, with Carlsbad, Oceanside, Vista, and Escondido all within a 15-minute drive. No competing industrial site in the immediate submarket matches this coverage radius for last-mile parcel delivery operations.
*Direct SR-78 Access — Gateway to the Full San Diego MSA:
Bingham Drive sits immediately off SR-78, the primary east-west arterial connecting I-5 (coastal) and I-15 (inland), giving operators direct access to the full San Diego metropolitan area from a single distribution point. This centralized freeway position is the defining locational advantage of North San Diego County’s most active industrial corridor.
*Rare Industrial Cross Dock Distribution Sale/Leaseback with Excess Land:
*UPS (NYSE: UPS) Investment Grade Tenancy through March 2029 (UPS will vacate upon lease expiration). New ownership will have ample marketing time to secure a new tenant given the known vacate.
*Rare 11.85 Acre Two Parcel Site:
*Parcel 1: 217,800 SF industrial cross dock distribution building on 5.00 Acres.
*Parcel 2: 6.85 Acres (298,386 SF) / 3.66 Acres (159,415 SF) paved and usable paved lot. The additional land on this parcel is not buildable.
*Extremely Strong Market Fundamentals Supporting Upside:
Tightest Industrial Sector: The San Marcos 78 Corridor industrial market remains very healthy with a current Industrial Distribution vacancy rate of 0.3% and 3-year average of 2.94%. This product type remains the tightest industrial sector within San Diego County given the scarcity of excess land and cross dock distribution buildings.
The greater North County San Diego 51 million square foot industrial distribution market has a current vacancy rate of 4.3% and 3 year average of 3.82%.
Prime SR-78 Corridor — North County’s Logistics Core
*Irreplaceable Last-Mile Node for 1M+ North County Residents:
San Marcos occupies the geographic center of a North San Diego County population base exceeding one million residents, with Carlsbad, Oceanside, Vista, and Escondido all within a 15-minute drive. No competing industrial site in the immediate submarket matches this coverage radius for last-mile parcel delivery operations.
*Direct SR-78 Access — Gateway to the Full San Diego MSA:
Bingham Drive sits immediately off SR-78, the primary east-west arterial connecting I-5 (coastal) and I-15 (inland), giving operators direct access to the full San Diego metropolitan area from a single distribution point. This centralized freeway position is the defining locational advantage of North San Diego County’s most active industrial corridor.
Property Facts
| Sale Type | Investment | Year Built | 1975 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Distribution | Parking Ratio | 1/1,000 SF |
| Building Class | B | Clear Ceiling Height | 24’ |
| Lot Size | 11.85 AC | No. Dock-High Doors/Loading | 3 |
| Rentable Building Area | 84,600 SF | No. Drive In / Grade-Level Doors | 12 |
| No. Stories | 1 | ||
| Zoning | L-I (Light Industrial) | ||
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Distribution |
| Building Class | B |
| Lot Size | 11.85 AC |
| Rentable Building Area | 84,600 SF |
| No. Stories | 1 |
| Year Built | 1975 |
| Tenancy | Single |
| Parking Ratio | 1/1,000 SF |
| Clear Ceiling Height | 24’ |
| No. Dock-High Doors/Loading | 3 |
| No. Drive In / Grade-Level Doors | 12 |
| Zoning | L-I (Light Industrial) |
Amenities
- Fenced Lot
- Property Manager on Site
- Signage
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 219-172-26 | Improvements Assessment | $5,324,906 |
| Land Assessment | $4,507,176 | Total Assessment | $9,832,082 |
Property Taxes
Parcel Number
219-172-26
Land Assessment
$4,507,176
Improvements Assessment
$5,324,906
Total Assessment
$9,832,082
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111 Bingham Dr
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