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31825978
31825979

700, 747, 777 Windy Point Drive, San Marcos, CA 92069

PL
CA 01912215, NV S.0169792 (+1)
SRS Real Estate Partners Newport Beach
MM
CA 01732226
SRS Real Estate Partners Newport Beach
GL
CA 02069301
SRS Real Estate Partners San Diego
HJ
CA 01981328
SRS Industrial
ME
CA 01242826
SRS Industrial
Listed by SRS Real Estate Partners Newport Beach, SRS Real Estate Partners San Diego, SRS Industrial
$15,534,000
49 days on market
Updated 35 days ago

Socal Industrial/Office Campus

Details
APN 218-110-27-00
Property Type Industrial, Office
Sub Type Medical Office, Creative Office (+1)
Square Footage 34,319
Cap Rate 6.25%
NOI $970,849
Occupancy 100%
Tenancy Multi
Price per SqFt $453
Year Built 2020
Stories 2
Acreage 3.930
Zoning L-I, Light Industrial
Parking Spaces 197 spaces
Parking Per SqFt 5.74
Ownership Fee Simple (Land & Building)

Industrial | 6.25% CAP | 34,319 SqFt

Marketing description

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in Windy Point, a freestanding, innovative industrial and office project located in San Marcos, CA (San Diego MSA). Completed in 2020, the 34,319 SF development spans across 3.93 acres and features a Modern design, state-of-the-art amenities, creative office space, warehouse space, heavy power, and ample parking. The building is 100% leased to a diverse, e-commerce resistant tenant lineup representing a wide range of uses including fitness, education, financial consulting, and more. The leases are structured as NNN in nature, reducing potential expense slippage for a future investor. The property is anchored by the University of St. Augustine for Health Sciences, a nationally accredited health sciences university serving approximately 4,300+ students’ system wide.

Investment highlights

  • 2020 Construction | 100% Occupied | Diverse Tenant Lineup | National Education Anchor (4,300+ Students) | NNN Leases
  • Opportunity to Construct a 3rd Building | Parking Ratio - 9.2 |
  • Near Signalized, Hard Corner Intersection | I-15 (150K+ VPD) | Dense Industrial/Retail Corridor | Highway 78 (168K+ VPD)
  • Cal State San Marcos (15,400 VPD) | Nearby Medical Facilities
  • High Barriers to Entry | Irreplaceable Location
  • Strong Demographics in 5-Mile Trade Area | San Diego MSA

Listing Contacts

PL
CA 01912215, NV S.0169792 (+1)
SRS Real Estate Partners Newport Beach
MM
CA 01732226
SRS Real Estate Partners Newport Beach
GL
CA 02069301
SRS Real Estate Partners San Diego
HJ
CA 01981328
SRS Industrial
ME
CA 01242826
SRS Industrial
Listed by SRS Real Estate Partners Newport Beach, SRS Real Estate Partners San Diego, SRS Industrial

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$970,849.00
$80,904.08/mo

Valuation Metrics

0
DSCR
6.25%
Cap Rate
6.25%
ROI

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Additional Information

Name
Garrett Colburn
License
CA License No. #01416734
Brokerage
SRS Real Estate Partners, LLC
Title
Broker of Record
Name
Patrick R. Luther, CCIM
License
01912215
Brokerage
SRS
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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