iFLY Oceanside
Special Purpose | 7.00% CAP | 4,967 SqFt
Marketing description
CAST Capital Partners is pleased to offer iFLY Oceanside — a premier indoor skydiving facility backed by a new 15-year NNN lease. Located at 3178 Vista Way with prime Highway 78 frontage, the property serves as a high-performance training site for elite U.S. and allied military units and a top-tier destination in San Diego’s thriving tourism market.
Opened in 2017, iFLY Oceanside ranks among the top-performing locations in the 80-unit iFLY network, generating over $3.0M in 2024 revenue with 40%+ EBITDA margins. Supported by $11.1M in military contracts through 2032, Tesla-powered energy infrastructure, and $10M+ in proprietary equipment, this asset offers strong cash flow, zero near-term CapEx, and unmatched operational credibility in a high-barrier submarket.
Investment highlights
15-Year Absolute NNN Lease
New lease generating $700,000 in annual net income with 2% annual increases.Nation-Leading Performance
$3.0M in 2024 revenue$11.1M Contracted Military Revenue
Long-term military contracts in placeBonus Depreciation + Hard Asset Security
Fee-simple ownership eligible for 100% bonus depreciation in Year 1; backed by significant buildout and proprietary equipment.High-Capacity, Zero CapEx Facility
$12M+ in specialized infrastructure, including a Tesla AI-optimized battery system and flagship SkyVenture 14R4 tunnel with 18-hour operating capability.Tier 1-Grade Operational Team
Staffed by 16 military-certified instructors, the highest credentialed team in the iFLY network, supporting tactical, civilian, and STEM segments.Strategic San Diego Location
Freeway-visible site along Hwy 78, minutes from Camp Pendleton and within a 3.2M-resident metro and 30M+ annual tourist market.
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