

Listed by Coldwell Banker Commercial Realty
$4,750,000
Vital Climbing Gym
Details
APN 150-184-07-00
Property Type Retail
Sub Type Storefront
Square Footage 8,550
Net Rentable (SqFt) 8,550
Units 1
Cap Rate 4.50%
Occupancy 100%
Tenancy Multi
Brand/Tenant T-Mobile, Vital Climbing Gym
Lease Type Modified
Remaining Term 2
Pro-Forma Cap Rate 5.10%
Price per SqFt $556
Broker Co-Op Yes
Class A
Year Built 2000
Buildings 1
Stories 2
Lot Size (SqFt) 14,091
Zoning Commercial Retail
Investment Type Net Lease
Occupancy Date 11/01/2000
Ownership Fee Simple
Oceanside Premier Stand Alone Retail Building for Sale
Marketing description
Investment Highlights Robust Capital Improvements & Minimized CapEx: The asset features a newer primary roof and a recently replaced lower entrance roof. This meticulous maintenance history ensures a turnkey transition and significantly shields a new owner from near-term capital expenditure requirements.
Mission-Critical Infrastructure & High Retention: T-Mobile has maintained a continuous presence at this site since 2000. Given the City of Oceanside’s stringent permitting hurdles for new telecommunications infrastructure, this cell tower represents a "moat" asset with exceptional long-term tenant stickiness and renewal probability.
Immediate Yield Enhancement & Mark-to-Market Upside: With the T-Mobile lease set to expire on July 31, 2028 , and active negotiations currently in progress, an incoming Buyer has the immediate opportunity to finalize favorable terms and achieve a 5.1% stabilized Cap Rate .
Contractual Revenue Growth: The Vital Gym lease incorporates 2% annual rent escalations , providing a built-in hedge against inflation and ensuring consistent Net Operating Income (NOI) appreciation throughout the holding period.
Lease Summaries Vital Climbing Gym Initial Term: November 1, 2025 – October 31, 2027
Rent Escalations: 2% Fixed Annual Increases
Renewal Options: Two (2) Five-Year Options
Option 1: November 1, 2027 – October 31, 2032
Option 2: November 1, 2032 – October 31, 2037
Tenant Profile: Strong regional presence in the fitness and lifestyle sector, driving consistent foot traffic to the South Coast Hwy corridor.
T-Mobile Cell Tower (Mission-Critical Infrastructure) Current Term: November 1, 2000 – July 31, 2028
Lease Status: Active Renewal Negotiations
Strategic Advantage: T-Mobile has maintained a 25-year history at this site. Due to the City of Oceanside’s restrictive permitting for new telecommunications towers, this location is considered an "irreplaceable infrastructure asset." This scarcity grants the Landlord superior leverage to secure favorable market rates during the current negotiation phase.
Location & Market Momentum The Heart of Oceanside: Occupying a prime "Main Strip" position on South Coast Highway, the epicenter of the city’s coastal revitalization.
Coastal Proximity: Situated just eight blocks from the Pacific Ocean, benefiting from the prestigious coastal atmosphere and temperate climate.
Booming Submarket: Surrounded by a surge of upscale new developments, trendy culinary destinations, and city-led zoning changes designed to maximize density and property values.
Asset Features & Design Iconic Architectural Design: A local landmark recognized for its "natural-meets-modern" aesthetic, providing instant brand recognition for any occupant.
Superior Corner Lot Visibility: Strategically positioned on a high-exposure corner to capture maximum vehicular and pedestrian traffic counts.
Ample On-Site Parking: Rare coastal offering of 25 dedicated parking spaces, providing effortless convenience for clients and staff.
Flexible Footprint: A substantial 8,550 SF stand-alone building situated on a generous 14,091 SF lot.
Condition & Passive Income Meticulous Maintenance: Pride-of-ownership is evident throughout, featuring an immaculate exterior and a brand-new lower-tier entrance roof.
Upgraded Infrastructure: The main roof is in excellent condition, ensuring reduced near-term capital expenditures for a new owner.
Ancillary Revenue Stream: Features a renovated T-Mobile cell tower on-site, offering a reliable and passive income source to offset carrying costs.
Listing Contacts


Listed by Coldwell Banker Commercial Realty
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