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Scripps Poway Villas 2 Properties Offered at $23,000,000 in Poway, CA
Investment Highlights
- Scripps Poway Villas is a well-maintained, turnkey asset with stability and potential value-add upside.
- The property features excellent walkability to nearby retail/services such as Smart & Final, Dollar Tree, CVS and Coffee Bean & Tea Leaf.
- The apartment and storage assets are operated together, allowing for operational efficiencies.
- High barrier to entry submarket.
Executive Summary
Kidder Mathews is pleased to present Scripps Poway Villas & Pomerado Self-Storage, a unique investment opportunity consisting of a 56-unit apartment community and a 48-unit self-storage facility located in Poway, California. The adjacent properties provide stable cash flow and benefit from shared operations.
The apartment community has been well maintained and the majority of the units have been renovated over the years with updates to the kitchens and bathrooms. Investors have the opportunity to further increase revenue through the installation of in-unit washers and dryers, a proven amenity that can command meaningful rent premiums.
Located in one of San Diego County's most affluent and supply-constrained submarkets, the property benefits from strong demographics, highly rated schools, and significant barriers to new development. Combined with proximity to major employment centers, retail amenities, and the Poway Business Park, Scripps Poway Villas & Pomerado Self-Storage offers a rare opportunity to acquire a well-positioned portfolio with long-term growth potential.
The apartment community has been well maintained and the majority of the units have been renovated over the years with updates to the kitchens and bathrooms. Investors have the opportunity to further increase revenue through the installation of in-unit washers and dryers, a proven amenity that can command meaningful rent premiums.
Located in one of San Diego County's most affluent and supply-constrained submarkets, the property benefits from strong demographics, highly rated schools, and significant barriers to new development. Combined with proximity to major employment centers, retail amenities, and the Poway Business Park, Scripps Poway Villas & Pomerado Self-Storage offers a rare opportunity to acquire a well-positioned portfolio with long-term growth potential.
Property Facts
| Price | $23,000,000 | Number of Properties | 2 |
| Price / SF | $390.16 / SF | Individually For Sale | 0 |
| Cap Rate | 4.76% | Total Building Size | 58,950 SF |
| Sale Type | Investment | Total Land Area | 2.70 AC |
| Status | Active |
| Price | $23,000,000 |
| Price / SF | $390.16 / SF |
| Cap Rate | 4.76% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 58,950 SF |
| Total Land Area | 2.70 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Scripps Poway Villas
12425 Oak Knoll Rd, Poway, CA 92064 |
Multifamily | 49,350 SF | 1978 | - |
| 12833 Pomerado Rd, Poway, CA 92064 | Specialty | 9,600 SF | 1978 | - |
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