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Industrial/Office Campus 777 Windy Point Dr 34,319 SF 100% Leased Office Building San Marcos, CA 92069 $21,277,075 CAD ($619.98 CAD/SF) 6.25% Cap Rate
Investment Highlights
- 2020 Construction | 100% Occupied | Diverse Tenant Lineup | National Education Anchor (4,300+ Students) | NNN Leases
- Near Signalized, Hard Corner Intersection | I-15 (150K+ VPD) | Dense Industrial/Retail Corridor | Highway 78 (168K+ VPD)
- High Barriers to Entry | Irreplaceable Location
- Opportunity to Construct a 3rd Building | Parking Ratio - 9.2 |
- Cal State San Marcos (15,400 VPD) | Nearby Medical Facilities
- Strong Demographics in 5-Mile Trade Area | San Diego MSA
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in Windy Point, a freestanding, innovative industrial and office project located in San Marcos, CA (San Diego MSA). Completed in 2020, the 34,319 SF development spans across 3.93 acres and features a Modern design, state-of-the-art amenities, creative office space, warehouse space, heavy power, and ample parking. The building is 100% leased to a diverse, e-commerce resistant tenant lineup representing a wide range of uses including fitness, education, financial consulting, and more. The leases are structured as NNN in nature, reducing potential expense slippage for a future investor. The property is anchored by the University of St. Augustine for Health Sciences, a nationally accredited health sciences university serving approximately 4,300+ students’ system wide.
Property Facts
Sale Type
Investment
Property Type
Building Size
34,319 SF
Building Class
B
Year Built
2020
Price
$21,277,075 CAD
Price Per SF
$619.98 CAD
Cap Rate
6.25%
NOI
$1,329,782 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
17,160 SF
Building FAR
0.20
Lot Size
3.93 AC
Zoning
LI - Light Industrial
Parking
197 Spaces (5.74 Spaces per 1,000 SF Leased)
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Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 218-110-27 | Improvements Assessment | $10,990,490 CAD |
| Land Assessment | $9,420,120 CAD | Total Assessment | $20,410,610 CAD |
Property Taxes
Parcel Number
218-110-27
Land Assessment
$9,420,120 CAD
Improvements Assessment
$10,990,490 CAD
Total Assessment
$20,410,610 CAD
Contacts
-
Matthew Mousavi -
Patrick Luther -
Greg Labarre -
Mike Erwin, SIOR -
Hank Jenkins -
SRS National Net Lease
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Industrial/Office Campus | 777 Windy Point Dr
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