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2361 La Mirada Dr 5,194 SF Industrial Building Vista, CA 92081 $2,660,000 ($512.13/SF) 5.50% Cap Rate
Investment Highlights
- Secure, Hands-Off Income: Features a new 10-Year NNN lease where the tenant pays all NNN expenses directly.
- Strong Yield: Listed at an offering price of $2,660,000, delivering a solid 5.5% Cap Rate.
- Strategic Location: Thriving Vista business hub with nearby amenities and easy access to I-15 and SR-78.
- Guaranteed Growth: Includes contractual annual rental increases and is backed by a personal guaranty for added security.
- Established Tenant: Occupied by Precision Electric Group, a proven contractor operating since 1999.
Executive Summary
Presenting a premier, top-of-market investment opportunity at 2361 La Mirada Drive in Vista, CA. This offering features a ± 5,194 SF single-tenant industrial condo listed for $2,660,000, operating at a 5.5% cap rate. The property is secured by a new 10-year NNN lease with Precision Electric Group (PEGI), generating a stabilized passive income with an annual NOI of approximately $146,400 ($12,200 monthly). Located in a thriving North County business hub, this asset offers hands-off ownership with convenient access to Highway 78, I-5, and I-15.
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- Offering Memorandum
Property Facts
| Price | $2,660,000 | Rentable Building Area | 5,194 SF |
| Price Per SF | $512.13 | No. Stories | 1 |
| Sale Type | Investment NNN | Year Built | 2006 |
| Cap Rate | 5.50% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 2.31/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 22’ |
| Building Class | B | No. Drive In / Grade-Level Doors | 2 |
| Lot Size | 0.12 AC | ||
| Zoning | RLI | ||
| Price | $2,660,000 |
| Price Per SF | $512.13 |
| Sale Type | Investment NNN |
| Cap Rate | 5.50% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 0.12 AC |
| Rentable Building Area | 5,194 SF |
| No. Stories | 1 |
| Year Built | 2006 |
| Tenancy | Single |
| Parking Ratio | 2.31/1,000 SF |
| Clear Ceiling Height | 22’ |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | RLI |
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Fairly walkable
40/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 217-251-50-17 | Improvements Assessment | $757,701 |
| Land Assessment | $703,580 | Total Assessment | $1,461,281 |
Property Taxes
Parcel Number
217-251-50-17
Land Assessment
$703,580
Improvements Assessment
$757,701
Total Assessment
$1,461,281
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