2170 S El Camino Real - Medical FOR SALE


Oceanside, CA 92054
$3,222,450 USD
760-208-8798
2170 S El Camino Real, Oceanside, CA for Sale
$3,222,450 USD
Medical - FOR SALE
1/39
null | 4.62% Cap Rate

2170 S El Camino Real
Oceanside, CA 92054


HIGHLIGHTS

  • In-Place Annual Gross Rental Revenue of $200,000+
  • Ocean Views
  • 35 KW Solar Power System - NO SDGE BILLS at Property
  • Up to 5,500 Sq Ft Available for Owner-Occupant If Closed by April 30, 2025
  • Excellent North County San Diego Accessibility

OVERVIEW

Urban West Ventures, as exclusive listing broker, is pleased to present to business owners, entrepreneurs & investors the opportunity to acquire an Owner-Occupiable Medical-Professional Office Building perched high atop El Camino Real providing incredible Cali sunsets & Pacific Ocean views. 2170 S El Camino Real, Oceanside, CA 92054 (the “Property”), is a 9,728 Sq Ft two-story office building with a strong tenant mix consisting of a Non-Surgical Orthopedic Group, Chiropractor, CPA, Insurance, Notary & multiple Attorneys. UP TO 5,500 RSF CAN BE DELIVERED to an incoming Owner-Occupant if closed prior to April 30, 2025. Advantageously located just north of CA-78 Freeway on S. El Camino Real, the Property provides excellent accessibility to all of North County San Diego with a short ½ mile drive to CA-78 Freeway. From CA-78, Owners & Tenants access San Diego County’s two major N/S vehicular arteries with ease. Interstate 5 (N/S coastal artery connecting Los Angeles-San Diego-Mexico) is a short westerly drive 1.5 miles to access the I-5 onramp, while Interstate 15 (N/S inland artery connecting San Diego to the Inland Empire) is a direct eastern shot approximately 14.9 miles to I-15 onramp. Additionally, El Camino Real is NCSD’s largest non-Interstate N/S vehicular artery traveling through Oceanside, Carlsbad, Encinitas, Cardiff, Rancho Santa Fe & into Del Mar. Surrounded by many popular chain restaurants (Starbuck’s, The Habit Burger, Del Taco, Chiptole, Texas Roadhouse, Buffalo Wild Wings), grocers (Trader Joe’s, Winco Foods) big box retailers (Target, Michael’s, LA Fitness), and public transit options (North County Sprinter/train & Breeze/bus), the Property’s location & value are both highly insulated. Other nearby Local Attractions include neighboring El Camino Country Club, SoCal Sports Complex, William Wagner Aquatic Center, Oceanside Municipal Airport, the famous Oceanside Pier & Oceanside Harbor as well as the newly constructed Frontwave Arena, home to MASL San Diego Sockers & NBA G League San Diego Clippers. A new Owner-Occupier will enjoy the investment stability of a diversified Rent Roll generating approximately $201,953 in Gross Annual Rents and extremely low operational costs due to a 35 KW Solar Power System completely eliminating any SDGE utility bill. The building itself offers three (3) EV Charging Stations, VOIP telephone service and high-speed internet service via Cox. With the correct amount of debt levered on the building, a new Owner will enjoy the tax benefits of CRE ownership with little-to-no annual out-of-pocket cash outlay towards the ownership & carrying of the asset. I N V E S T M E N T O V E R V I E W : - List Price: : $3,222,450 ($331/Sq Ft) - Gross Rental Income: $201,953 - NOI: $148,810 - Current Cap Rate: 4.62% - Stabilized NOI: $217,034 - Stabilized Cap Rate: 6.74% - AVG Cap Rate (10-Yr Hold): 7.58% - Term Cap Rate (10-Yr Hold): 8.79% I N V E S T M E N T H I G H L I G H T S : - Ideal 1031 Replacement Property - Well-Insulated Investment – Geographically & Demographically - Attractive Value-Add Opportunity - Diverse Tenant Mix w/ Automatic-Staggered Renewals & Escalations - Long-Term Medical Group Anchor Tenant - Controllably Low Operating Expenses due to 35 KW Solar Power System - Small Office Footprints Allow for Ease of Lease-Up & $/SF Premiums - CP Zoning Permits Medical Tenancy ‘By-Right’ (Tenants to Confirm with City) M A R K E T F U N D A M E N T A L S - O C E A N S I D E O F F I C E S U B M A R K E T - Inventory Sq Ft: 1,900,000 Sq Ft - Vacancy Rate: 7.9% - Under Construction: 0 Sq Ft - Market Rent: $31.00/SF/YR ($2.58/SF/MO) - 12 Month Sales Volume: $16.7M (4 buildings) - AVG Market Sales Price: $4.175M

FOR SALE DETAILS

PRICE

$3,222,450 USD

PRICE/SF

$331 USD /SF

CAP RATE

4.62%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,776 SF

ZONING

CP-Commercial Professiona

APN/PARCEL ID

165-012-09

ASK ABOUT THIS PROPERTY

James BengalaUrban West VenturesMore Info
760-208-8798

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James BengalaUrban West VenturesMore Info
760-208-8798

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