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Mar Vista Centre 1275 S Santa Fe Ave 15,600 SF 100% Leased Retail Building Vista, CA 92083 $5,000,000 ($320.51/SF) 6.51% Cap Rate
INVESTMENT HIGHLIGHTS
- Street front strip retail.
- Built 1989
- Abundant parking at store front.
- 100% Occupied.
EXECUTIVE SUMMARY
Traditional strip retail center with convenient ingress and egress as well as ample parking directly in front of each store front. Desirable linear orientation to busy South Santa Fe Avenue. Excellent visibility for each store front. Clear and effective signage. Property is 90% occupied with a strong income history. Surrounding area continues to improve with the upgraded Paseo Santa Fe district and new townhome projects.
PROPERTY FACTS In Escrow
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
15,600 SF
Building Class
C
Year Built
1989
Price
$5,000,000
Price Per SF
$320.51
Cap Rate
6.51%
NOI
$325,563
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
1.42 AC
Zoning
C1 - Commercial
Parking
77 Spaces (4.94 Spaces per 1,000 SF Leased)
Frontage
411’ on S Santa Fe Ave
AMENITIES
- Bus Line
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 180-150-09 | Improvements Assessment | $1,716,773 |
| Land Assessment | $1,088,995 | Total Assessment | $2,805,768 |
PROPERTY TAXES
Parcel Number
180-150-09
Land Assessment
$1,088,995
Improvements Assessment
$1,716,773
Total Assessment
$2,805,768
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Mar Vista Centre | 1275 S Santa Fe Ave
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