Log In/Sign Up
Your email has been sent.
Parkview 1217 San Elijo Rd S 7,850 SF 100% Leased Retail Building San Marcos, CA 92078 $8,155,058 CAD ($1,038.86 CAD/SF)
Investment Highlights
- Located at Main & Main
- Affluent Customer Base
- Master Planned Community
- Ideally Positioned Along Popular Corridor
Executive Summary
Newmark Pacific presents Parkview, a newly constructed, two-story retail asset totaling 7,850 square feet on 0.73 acres, delivered in 2022 and currently 100% leased to three complementary, service oriented tenants: a veterinarian, a dance company, and a chiropractor. The property is strategically positioned within the affluent, master-planned community of San Elijo Hills in San Marcos, California-steps from San Elijo Hills Town Center, Marketwalk, Albertsons, and surrounded by community anchors including San Elijo Park, the San Elijo Fountain, San Elijo Middle School and San Elijo Elementary School.
Construction of the San Elijo Hills community began in the early 2000s and was designed to provide a captive, all-encompassing experience for the residents. The community is home to more than 3,500 homes as well as three of the largest schools in the entire school district as growth has been robust. The affluence of San Elijo is significant as average household incomes exceed $235,000 per year while the average price of a home is $1,395,424.
The asset's modern construction, fully stabilized rent roll, and highly visible, walkable location within an affluent, supply constrained master-planned community create a defensive income profile with potential for long-term rent growth. Medical and instructional/service-based tenants benefit from entrenched, in-person demand, while proximity to community amenities and schools ensures steady customer inflow throughout the week.
Visit the deal page: https://platform.reverecre.com/project/64c73820-7bac-4239-a61c-1734220ef13f
Construction of the San Elijo Hills community began in the early 2000s and was designed to provide a captive, all-encompassing experience for the residents. The community is home to more than 3,500 homes as well as three of the largest schools in the entire school district as growth has been robust. The affluence of San Elijo is significant as average household incomes exceed $235,000 per year while the average price of a home is $1,395,424.
The asset's modern construction, fully stabilized rent roll, and highly visible, walkable location within an affluent, supply constrained master-planned community create a defensive income profile with potential for long-term rent growth. Medical and instructional/service-based tenants benefit from entrenched, in-person demand, while proximity to community amenities and schools ensures steady customer inflow throughout the week.
Visit the deal page: https://platform.reverecre.com/project/64c73820-7bac-4239-a61c-1734220ef13f
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
7,850 SF
Year Built
2022
Price
$8,155,058 CAD
Price Per SF
$1,038.86 CAD
Percent Leased
100%
Building Height
2 Stories
Nearby Major Retailers
Property Taxes
| Parcel Number | 223-630-28 | Improvements Assessment | $3,548,831 CAD |
| Land Assessment | $815,467 CAD | Total Assessment | $4,364,297 CAD |
Property Taxes
Parcel Number
223-630-28
Land Assessment
$815,467 CAD
Improvements Assessment
$3,548,831 CAD
Total Assessment
$4,364,297 CAD
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Parkview | 1217 San Elijo Rd S
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.