Listed by SRS Industrial, Colliers - Los Angeles - La Jolla, California
$3,950,700
The Grand Professional Building
Details
APN 229-411-16
Property Type Office
Sub Type Executive Office, Medical Office
Square Footage 20,260
Net Rentable (SqFt) 4,309
Occupancy 71%
Price per SqFt $195
Class A
Stories 3
Zoning Downtown Specific Planning area – SPA 9
Parking Spaces 50 spaces
Parking Per SqFt 2.47
Investment Type Owner/User
Office | 20,260 SqFt
Marketing description
The Grand Professional Building
Colliers is pleased to present a rare opportunity for an
owner-user or investor to acquire a Class A Office building
in Escondido’s downtown corridor. The building is 71%
occupied by a diverse group of tenants. In addition,
the property is within walking distance of numerous
restaurants, cafes, and retail amenities. The building also
features exceptional mountain views from the third floor.
Located in the Opportunity Zone, with
access to I-15 and Highway 78
Opportunity Zones are a tax advantaged tool that provides an income tax incentive for investors to reinvestment capital gains into the local community. Opportunity Zones allow investors, fund managers and communities to use privately-sourced funds for eligible economic development and community re-investment projects.
Investment highlights
- 20,260 SF Class A Medical/Office Building with prominent visibility on the corner of Grand Avenue and Escondido Boulevard
- Sale Price: $3,950,700 ($195/SF)
- Building priced significantly below replacement cost
- APN: 229-411-16
- Parking: 50 Spaces
- Fully Sprinklered
- Ground Floor Opportunity Prime turnkey bank space with covered, walk-up ATM, vault, and teller counter
- Zoning: Downtown Specific Planning area – SPA 9
- Highly visible building signage available
- Will Consider Seller Financing
- First Floor
- Ground Floor Opportunity
- Suites 100C Avaiable | 2,391 SF
- Rent Roll and Expenses Available Upon Request
- Second Floor
- 6,631 RSF
- Suite 201 Avaiable | 591 SF Suite 202 Available | 882 SF
- Rent Roll and Expenses Available Upon Request
- Third Floor
- 6,850 RSF
- Suite 300 Available | 1,918 SF
- Rent Roll and Expenses Available Upon Request
- 2,391 SF on the 1st floor available for occupancy
- 1,473 SF on the 2nd floor available for occupancy
- 1,918 SF on the 3rd floor available for occupancy
Listing Contacts
Listed by SRS Industrial, Colliers - Los Angeles - La Jolla, California
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