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177 Vallecitos de Oro 24,660 SF Industrial Building San Marcos, CA 92069 $6,127,655 CAD ($248.49 CAD/SF) 5.75% Cap Rate
Investment Highlights
- 100% NNN Leased Industrial | $179 PSF Low Basis | 6.0% Cap Rate | San Diego, CA.
- Well below $300/PSF replacement cost.
- Well below $250-$270/PSF vacant owner-user comparables.
- Excellent ingress/egress with adjacency to the 78 Corridor.
Executive Summary
To download an offering memorandum, please visit https://www.pcplistings.com/listings/177vallecitosdeoro
SINGLE-TENANT NNN LEASE - TRULY PASSIVE OWNERSHIP
* 100% NNN leased at below market rents to Window World, America's largest replacement window and exterior remodeling company, offering quality energy-efficient replacement windows, doors, siding, shutters and more, with over 200 locations nationwide. They have sold over 25,000,000 windows to date, including 1,000,000 windows annually since 2009.
* Well below $250-$270/PSF vacant owner-user comparables.
* Well below $300/PSF replacement cost.
* Supply-constrained North San Diego County submarket with a 0.8% vacancy rate for high finish industrial.
* Massive mark-to-market play with only a $179/PSF basis providing a 7.06% mark-to-market cap rate.
* Adjacent to North County's largest development, North City, which is a 200-acre development comprised of 3,400 residential units, 375k SF of retail, 1M SF of office and 20 acres of parks.
* Excellent ingress/egress with adjacency to the 78 Corridor and with several million SF of retail amenities.
SINGLE-TENANT NNN LEASE - TRULY PASSIVE OWNERSHIP
* 100% NNN leased at below market rents to Window World, America's largest replacement window and exterior remodeling company, offering quality energy-efficient replacement windows, doors, siding, shutters and more, with over 200 locations nationwide. They have sold over 25,000,000 windows to date, including 1,000,000 windows annually since 2009.
* Well below $250-$270/PSF vacant owner-user comparables.
* Well below $300/PSF replacement cost.
* Supply-constrained North San Diego County submarket with a 0.8% vacancy rate for high finish industrial.
* Massive mark-to-market play with only a $179/PSF basis providing a 7.06% mark-to-market cap rate.
* Adjacent to North County's largest development, North City, which is a 200-acre development comprised of 3,400 residential units, 375k SF of retail, 1M SF of office and 20 acres of parks.
* Excellent ingress/egress with adjacency to the 78 Corridor and with several million SF of retail amenities.
Property Facts
| Price | $6,127,655 CAD | Rentable Building Area | 24,660 SF |
| Price Per SF | $248.49 CAD | No. Stories | 1 |
| Sale Type | Investment NNN | Year Built | 1985 |
| Cap Rate | 5.75% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 1.24/1,000 SF |
| Property Subtype | Manufacturing | No. Dock-High Doors/Loading | 1 |
| Building Class | C | No. Drive In / Grade-Level Doors | 2 |
| Lot Size | 1.30 AC | ||
| Zoning | I-7 - Industrial | ||
| Price | $6,127,655 CAD |
| Price Per SF | $248.49 CAD |
| Sale Type | Investment NNN |
| Cap Rate | 5.75% |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 1.30 AC |
| Rentable Building Area | 24,660 SF |
| No. Stories | 1 |
| Year Built | 1985 |
| Tenancy | Single |
| Parking Ratio | 1.24/1,000 SF |
| No. Dock-High Doors/Loading | 1 |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | I-7 - Industrial |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 219-172-49 | Improvements Assessment | $1,601,699 CAD |
| Land Assessment | $640,206 CAD | Total Assessment | $2,241,906 CAD |
Property Taxes
Parcel Number
219-172-49
Land Assessment
$640,206 CAD
Improvements Assessment
$1,601,699 CAD
Total Assessment
$2,241,906 CAD
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177 Vallecitos de Oro
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