125 N Twin Oaks Valley Rd - Health Club FOR SALE


San Marcos, CA 92069
$11,500,000 USD
619-980-1997
125 N Twin Oaks Valley Rd, San Marcos, CA for Sale
$11,500,000 USD
Health Club - FOR SALE
1/12
null | 8.56% Cap Rate

125 N Twin Oaks Valley Rd
San Marcos, CA 92069


HIGHLIGHTS

  • Strong Anchor Tenant With Term
  • Quality Construction Physical Plant
  • Affluent Submarket
  • National/Regional Internet Resistant Lineup
  • Strong Retail Fundamentals

OVERVIEW

Newmark Retail Capital Markets is pleased to present the opportunity to acquire a leasehold interest in highly improved Civic Center Plaza, a 60,552 square foot LA Fitness anchored retail center in the city of San Marcos, California. The center is 98.8% occupied and anchored by LA Fitness, which recently signed a 15-year lease extension, extending the tenant on a long-term net lease until 2037. Completed in 2007 to institutional standards, the center houses a solid lineup of national shop tenants including FedEx, Subway, Robek’s Juice, PIzzaNova and Ryan Bros Coffee. The center is located just north of the Twin Oaks Valley Road interchange with Highway 78 at the highly trafficked intersection of Twin Oaks Valley Road (36,000 CPD) and San Marcos Boulevard (25,000 CPD). Food tenants occupy 70% of the shop space and greatly benefit from the robust daytime population within the submarket. San Marcos City Hall, California State University San Marcos (16,000 students), Palomar College (13,000 students), and five office buildings are all within one mile of the center.

FOR SALE DETAILS

PRICE

$11,500,000 USD

PRICE/SF

$190 USD /SF

CAP RATE

8.56%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Civic Center San Marcos

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Health Club

ADD'L SUBTYPES

Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

5.94 AC

LAND SF

258,746 SF

ZONING

SPA

APN/PARCEL ID

760-167-97-01

ASK ABOUT THIS PROPERTY

Rob IppolitoNewmarkMore Info
619-980-1997

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Rob IppolitoNewmarkMore Info
619-980-1997

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.