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4 BUILDING MULTI-TENANT INDUSTRIAL PARK 4 Retail Properties Offered at $10,000,000 in Escondido, CA
Investment Highlights
- Clean simple NNN leases provide ease of management and ownership.
- Multiple units have private fenced yards (very hard to find).
- Highly visible and desirable location off the 15 and 78 Freeway.
Executive Summary
MAJOR RENOVATION COMPLETE: New roof, HVAC, skylights, parking lot, landscaping, signage program, and exterior paint. No capex required for a new owner. MAJOR “MARK TO MARKET” UPSIDE: In-place rents are only $1.22/PSF NNN, 16% below market (proven with two new leases signed at $1.45/PSF NNN) providing a “mark to market” cap rate of 6.58%. New ownership will have the ability to continue renewals/new leases at market rents given the lack of vacancy and “sticky” rent roll.
Property Facts
| Price | $10,000,000 | Number of Properties | 4 |
| Price / SF | $273.22 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 36,600 SF |
| Status | Active | Total Land Area | 9.12 AC |
| Price | $10,000,000 |
| Price / SF | $273.22 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 36,600 SF |
| Total Land Area | 9.12 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 2121 E Valley Pky, Escondido, CA 92027 | Retail | 15,600 SF | 1989 | - |
| 2127 E Valley Pky, Escondido, CA 92027 | Retail | 10,000 SF | 1989 | - |
| 2115 E Valley Pky, Escondido, CA 92027 | Retail | 9,000 SF | 1989 | - |
| 2109 E Valley Pky, Escondido, CA 92027 | Retail | 2,000 SF | 1989 | - |
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4 BUILDING MULTI-TENANT INDUSTRIAL PARK
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