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Day Care San Elijo 1301 Elfin Forest Rd 6,975 SF Retail Building San Marcos, CA 92078 $5,300,000 ($759.86/SF) 6.12% Cap Rate
Investment Highlights
- Leased to a well-established preschool operator.
- The tenant has more than 20 years of successful operating history.
- The property is purpose-built for educational use.
- Features a brand-new 10-year lease.
- Situated in an affluent community.
- Features expansive outdoor play areas.
Executive Summary
Combining the security of a newly executed long-term lease with an established tenant, a proven operating history, and a highly sought-after location, 1301 Elfin Forest Road represents an attractive investment opportunity for buyers seeking durable cash flow with long-term appreciation potential.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Day Care Center
Building Size
6,975 SF
Building Class
B
Year Built
2015
Price
$5,300,000
Price Per SF
$759.86
Cap Rate
6.12%
NOI
$324,360
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
0.62 AC
Zoning
SPA, San Marcos
Parking
15 Spaces (2 Spaces per 1,000 SF Leased)
Amenities
- Awning
Fairly walkable
40/100
Very drivable
80/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 223-820-06 | Improvements Assessment | $1,591,417 |
| Land Assessment | $783,604 | Total Assessment | $2,375,021 |
Property Taxes
Parcel Number
223-820-06
Land Assessment
$783,604
Improvements Assessment
$1,591,417
Total Assessment
$2,375,021
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