125 W Mission Ave
Escondido, CA 92025
Office Property For Sale

Mission Office Plaza is a well maintained property that is 100% leased with a diverse mix of stable tenants, including a Health Education School, Technology Company, Mental Health Clinic, CPA Firm, and more. Rents are currently at $15.24 per SF gross, which are under market and presents the opportunity to be converted to modified gross leases. Escondido is located in the northern portion of San Diego County, about 30 miles north of downtown San Diego and 18 miles east of the Pacific Coast. The city is among the most attractive sub markets in San Diego County, and benefits from a strong economy because of its strategic location along the I-78 Corridor (easy access to Interstate 15 and California State Route 78). Mission Office Plaza is located within 0.6 miles of the newly built North Inland Live Well Center, which employs nearly 500 County of San Diego employees and houses a wide array of health and social services (Regional Admin, Child Welfare Services, Family Resource Center, Public Health Center, Military & Veterans Resource Center, Child Support Services, and more). The immediate area has experienced an influx of newly built commercial retail (including a Bank of America branch and Habit Burger) and multiple Market Rate multifamily developments to support the recent growth. The Escondido Office Market encompasses approximately 2.5 million square feet with a vacancy rate of less than 7.5%. A large majority of the buildings in the sub market are of older vintage and has recently experienced in increase of rehabilitation due to the increased demand. The property is sold with it's adjacent parcel (2 separate APN's) totalling almost 1 acre. Plenty of parking spaces for tenants and their customers/clients. Value add includes- potential rent increase to market value and property is located in one of the few Opportunity Zone (tax incentives) in San Diego.