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520 E Carmel St
San Marcos, CA 92078
Industrial Property For Sale
Investment Highlights
- 41,000-SF Industrial Facility with 8-Year NNN Lease with Two Large Rental Increases and 3% Annual Increases Thereafter
- ENROLLMENT GROWTH - Currently ±250 with ±375 Projected After Expansion
- EXCESS LAND - APPROX 2 AC FOR FUTURE GROWTH
- TENANT INVESTMENT - Total ±$4.5M and Planned ±$1.5M Expansion
- HIGH DEVELOPMENT POTENTIAL - Zoned Residential-3-10
- LESS THAN HALF A MILE TO CSUSM
Executive Summary
520 E Carmel St is a 41,000-SF, single-tenant, NNN-leased warehouse building. Located in San Marcos, CA, the Property is less than half a mile to CSU San Marcos and 34 miles to Downtown San Diego.
Originally constructed in two phases, in approximately 1955 and 2000, the Property later underwent significant renovations under new ownership in 2021, culminating in its full transformation into a charter school. Tenanted since 2018, Baypoint Preparatory Academy has invested significant capital with approximately $4.5M invested to date and plans to pursue $1.5M in additional expansion. The Property currently offers ten (10) classrooms, two (2) grade-level doors, 20' clear height, HVAC systems, and an expansive approximately 4.93 AC lot.
41,000-SF Facility with 8-Year NNN Lease with Two Large Rental Increases and 3%Annual Increases Thereafter
CURRENT NOI - $750,000
TENANT INVESTMENT - Total ±$4.5M and Planned ±$1.5M Expansion
ENROLLMENT GROWTH - Currently ±250 with ±375 Projected After Expansion
HIGH DEVELOPMENT POTENTIAL - Zoned Residential-3-10
EXCESS LAND - Approx. 2 AC for Future Growth
Less than Half a Mile to CSU San Marcos
Originally constructed in two phases, in approximately 1955 and 2000, the Property later underwent significant renovations under new ownership in 2021, culminating in its full transformation into a charter school. Tenanted since 2018, Baypoint Preparatory Academy has invested significant capital with approximately $4.5M invested to date and plans to pursue $1.5M in additional expansion. The Property currently offers ten (10) classrooms, two (2) grade-level doors, 20' clear height, HVAC systems, and an expansive approximately 4.93 AC lot.
41,000-SF Facility with 8-Year NNN Lease with Two Large Rental Increases and 3%Annual Increases Thereafter
CURRENT NOI - $750,000
TENANT INVESTMENT - Total ±$4.5M and Planned ±$1.5M Expansion
ENROLLMENT GROWTH - Currently ±250 with ±375 Projected After Expansion
HIGH DEVELOPMENT POTENTIAL - Zoned Residential-3-10
EXCESS LAND - Approx. 2 AC for Future Growth
Less than Half a Mile to CSU San Marcos
Property Facts
| Sale Type | Investment NNN | Year Built/Renovated | 2000/2024 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Parking Ratio | 2.44/1,000 SF |
| Building Class | B | Clear Ceiling Height | 20’ |
| Lot Size | 4.90 AC | No. Dock-High Doors/Loading | 2 |
| Rentable Building Area | 41,000 SF | No. Drive In / Grade-Level Doors | 5 |
| No. Stories | 1 | ||
| Zoning | R-3-10 - Residential | ||
| Sale Type | Investment NNN |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 4.90 AC |
| Rentable Building Area | 41,000 SF |
| No. Stories | 1 |
| Year Built/Renovated | 2000/2024 |
| Tenancy | Single |
| Parking Ratio | 2.44/1,000 SF |
| Clear Ceiling Height | 20’ |
| No. Dock-High Doors/Loading | 2 |
| No. Drive In / Grade-Level Doors | 5 |
| Zoning | R-3-10 - Residential |
Amenities
- Fenced Lot
- Signage
- Storage Space
Property Taxes
| Parcel Number | 220-250-16 | Improvements Assessment | $1,460,692 |
| Land Assessment | $3,346,555 | Total Assessment | $4,807,247 |
Property Taxes
Parcel Number
220-250-16
Land Assessment
$3,346,555
Improvements Assessment
$1,460,692
Total Assessment
$4,807,247
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