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Old Town Center 29115 Valley Center Rd 11,480 SF 100% Leased Retail Building Valley Center, CA 92082 $3,550,000 ($309.23/SF) 4.11% Cap Rate
Investment Highlights
- Retail Center Commercial General Zoning C36- Two Parcels 2.27 Acres, Retail, Office, Medical Services (Eye Care and Cat Vet Hospital)
- Standalone, Single Story, Tenants: All Thing Music, Country Junction Cafe, Valley Center Nursery, CJ Gift Shoppe, Roadrunner Publication
- History Rich and Active Community, New Investor- Take advantage - Timing -- Steady Cash flow while you plan your vision.
- Main Busy Intersection - North Village - Route S6 - Scenic 30 Miles - Brings Visitors Year Round, Active Community Events- TRAFFIC.
- 100% Occupied, more tenants...VC Sports & Apparel, Valley Center Auto & RV Sales, Blue 9 Design. 100% Occupied.
- Family Owned by Long time Community Minded People the Bozulich Family 25 Years, Rare opportunity!
Executive Summary
Rarely does a retail center of this standing surface after more than 25 years of single ownership, a testament to the asset's enduring performance and the loyalty it commands in its trade area. Now under new stewardship, the property could bring fresh vision to a proven foundation, with Commercial Zoning
unlocking a meaningful runway for value-add improvements, repositioning, and expanded uses. Strong current tenant businesses provide a steady cash flow and the breathing room to plan thoughtfully, moving forward when the time is right. The timing could not be more compelling: new residential projects currently
under consideration are poised to reshape the surrounding market, bringing increased population and purchasing power that would directly benefit a fully optimized retail center. For the investor who recognizes a generational opportunity, this is one.
unlocking a meaningful runway for value-add improvements, repositioning, and expanded uses. Strong current tenant businesses provide a steady cash flow and the breathing room to plan thoughtfully, moving forward when the time is right. The timing could not be more compelling: new residential projects currently
under consideration are poised to reshape the surrounding market, bringing increased population and purchasing power that would directly benefit a fully optimized retail center. For the investor who recognizes a generational opportunity, this is one.
Property Facts
Sale Type
Investment
Property Type
Building Size
11,480 SF
Building Class
C
Year Built
1973
Price
$3,550,000
Price Per SF
$309.23
Cap Rate
4.11%
NOI
$145,969
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
1.27 AC
Zoning
C36, Valley Center - General Commercial-Valley Center is in unincorporated Jurisdiction San Diego
County, Valley Center Community Plan
Parking
67 Spaces (5.58 Spaces per 1,000 SF Leased)
Frontage
268’ on Valley Center Rd
Amenities
- Signage
- Monument Signage
- Cafe
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 188-260-47 | Improvements Assessment | $1,075,879 |
| Land Assessment | $461,084 | Total Assessment | $1,536,963 |
Property Taxes
Parcel Number
188-260-47
Land Assessment
$461,084
Improvements Assessment
$1,075,879
Total Assessment
$1,536,963
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Old Town Center | 29115 Valley Center Rd